# The Transport Holding Company (Pensions) Order 1973, Article 7: Deficiency payments in connection with railway pension funds


(1) Any liability of Cooks to make to, or for remission to, the persons administering a railway pension fund any payments required by the terms of that Fund or of any Order under section 74 of the Transport Act 1962 applicable thereto (and in particular by Article 3 of the British Transport (Pensions of Employees) (No. 1) Order 1969 as applied by Article 4 of the British Transport (Amalgamation of Railways' Pension Funds) (No. 1) Order 1970) in connection with the persons specified in paragraph (2) below shall cease and determine, in so far as such liability did not cease when Cooks ceased to be a subsidiary of the Holding Company or has not been discharged since that date by payments made by or on behalf of Cooks, and the Holding Company shall make to the persons administering the railway fund in question such payments as are necessary to put that fund, so far as regards the persons specified in paragraph (2) below, in the position in which it would have been if Cooks had remained a subsidiary of the Holding Company and this Order had not been made.
(2) The persons referred to in paragraph (1) above are the persons who immediately before the 26th June 1972 were—
(a) in receipt from a railway pension fund of a pension in respect of employment in the service of Cooks or of a subsidiary of Cooks, or
(b) contributing members of a railway pension fund in respect of current employment in the service of Cooks or of a subsidiary of Cooks.

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Source: https://www.legislation.gov.uk/uksi/1973/337/article/7 (the official version)
Page: https://openlegislation.uk/transport-holding-company-pensions-order-1973/article-7
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.