{
  "url": "https://openlegislation.uk/transport-holding-company-pensions-order-1973/note",
  "json_url": "https://openlegislation.uk/transport-holding-company-pensions-order-1973/note.json",
  "legislation": "uksi/1973/337",
  "legislation_title": "The Transport Holding Company (Pensions) Order 1973",
  "legislation_url": "https://openlegislation.uk/transport-holding-company-pensions-order-1973",
  "path": "note",
  "kind": "note",
  "number": null,
  "heading": "Explanatory note",
  "text": "This Order makes provision with respect to the pension rights of certain persons who are or have been employed by Thos. Cook and Son Ltd. or by a subsidiary of that company. The provision made is a consequence of the disposal by the Transport Holding Company of their shares in Thos. Cook and Son Ltd. on the 26th June 1972.\nArticle 3 enables persons in receipt of, or contingently entitled to, pensions from Cooks Pension Fund in respect of employment which has ceased, to have their pension rights preserved in the public sector by the Transport Holding Company.\nArticle 4 enables transfer values to be paid to Cooks Pension Fund by certain pension funds administered by the British Railways Board in respect of the accrued pension rights of persons who are employed by Thos. Cook and Son Ltd. or by a subsidiary of that company but who, immediately before the 26th June 1972, were members of a railway pension fund in connection with that employment.\nArticle 5, 6 and 8 provide for the ascertainment of transfer values, for consequential matters and for the determination of questions.\nArticle 7 releases Thos. Cook and Son Ltd. from any outstanding liability to the British Railways Board in connection with the persons who immediately before the 26th June 1972 were in receipt of pensions from, or were contributing members of, a railway pension fund in respect of employment by, or by a subsidiary of, Thos. Cook and Son Ltd.\nBy virtue of section 2(3)(d) of the Transport Holding Company Act 1972 the Order has effect from the 26th June 1972.",
  "extent": null,
  "status": null,
  "version": "current",
  "annotations": [],
  "outstanding_effects": [],
  "provenance": {
    "source": "legislation.gov.uk",
    "source_url": "https://www.legislation.gov.uk/uksi/1973/337/note",
    "retrieved_at": "2026-10-29T22:14:58.317020+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."
}