# The Railways Pension Scheme Order 1994, Paragraph 11A: All Participating Employers in a Section cease to Participate


Except (i) in the case of the 1994 Pensioners “A” and “B” Sections where Rule 16A of those Sections shall apply or (ii) where Clause 12 applies if all the Participating Employers in a Section cease to participate in that Section, benefits shall cease to accrue under the Section for all the Members and former employees of the Participating Employers. The Trustee shall wind–up the part of the Scheme appropriate to the Section as set out in the rest of this Clause.
The Trustee may defer winding–up the Section for so long as it sees fit, and in the meantime provide, out of the Section Assets, benefits for the beneficiaries concerned in accordance with the Pension Trust and Rules as if each Member in employment with a Participating Employer had left Service on the day the Participating Employer ceased to participate with deferred benefits or a preserved pension or, in the case of a Section which has adopted the rules set out at Appendix 2 Part 3, preserved benefits or a refund of contributions, as appropriate, under the “Early Leavers” Rule. In such a case the Trustee may under Clause 13 (Changing the Pension Trust and Rules) amend the Rules applying to these beneficiaries as it sees fit but not so as to impose any further liability on a Participating Employer.

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Source: https://www.legislation.gov.uk/uksi/1994/1433/schedule/paragraph/11A (the official version)
Page: https://openlegislation.uk/railways-pension-scheme-order-1994/schedule/paragraph-11A
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.