{
  "url": "https://openlegislation.uk/railway-pensions-transfer-and-miscellaneous-provisions-order-1994/schedule-1/paragraph-11",
  "json_url": "https://openlegislation.uk/railway-pensions-transfer-and-miscellaneous-provisions-order-1994/schedule-1/paragraph-11.json",
  "legislation": "uksi/1994/2005",
  "legislation_title": "The Railway Pensions (Transfer and Miscellaneous Provisions) Order 1994",
  "legislation_url": "https://openlegislation.uk/railway-pensions-transfer-and-miscellaneous-provisions-order-1994",
  "path": "schedule/1/paragraph/11",
  "kind": "paragraph",
  "number": "11",
  "heading": null,
  "text": "(1) Lump sum benefits which would be payable on the death after 30th September 1994 of a participant while accruing benefits in the transferor scheme shall be ignored to the extent that they would exceed the amount determined as a result of carrying out the calculation specified in sub-paragraph (2) of this paragraph.\n(2) The calculation referred to in sub-paragraph (1) of this paragraph is:—\nB×3.75%×(N÷4) where\nB the lump sum benefit which would be payable on the death of the participant; and\nN the number of years of his participation up to 30th September 1994.",
  "extent": null,
  "status": null,
  "version": "current",
  "annotations": [],
  "outstanding_effects": [],
  "provenance": {
    "source": "legislation.gov.uk",
    "source_url": "https://www.legislation.gov.uk/uksi/1994/2005/schedule/1/paragraph/11",
    "retrieved_at": "2026-10-29T13:28:33.001078+00:00"
  },
  "licence": "Open Government Licence v3.0",
  "licence_url": "https://www.nationalarchives.gov.uk/doc/open-government-licence/version/3/",
  "attribution": "Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives."
}