# The Transport Pension Schemes (Decimal Currency) Order 1971, Paragraph 2: The British Transport Commission (Male Wages Grades Pensions) 1954 as amended


In the Schedule (British Transport Commission (Male Wages Grades) Pension Scheme Rules) to the above-mentioned Regulations of 1954—
(a) where by virtue of section 10(1) of the Act an amount of money in the old currency appearing in Table II of those Rules is read as referring to the equivalent of that amount in the new currency and that equivalent is or includes a fraction of a new penny, then, subject to the next following sub-paragraph, the weekly contribution of a member of Section A to be deducted or paid under Rule 12 on the scale set out in the said Table II shall be adjusted in the same manner as provided in paragraph 1(c)(i) to (iii) of this Schedule;
(b) where the weekly contributions of a person who is both a member of Section A and of Section B fall to be computed on the scales set out in Tables II and III of the said Rules, the equivalent in the new currency of the appropriate amount in the old currency as read in accordance with section 10(1) of the Act in each Table shall first be aggregated and thereafter the resulting sum adjusted in the same manner as provided in paragraph 1(c)(i) to (iii) of this Schedule; and
(c) where any benefits payable to a person under the said Rules fall to be computed by reference to the pensions set out in any one or more of Tables I, IV or V thereof as those Tables are read in accordance with section 10(1) of the Act, the amount of benefit, after allowing for any reduction under Rule 31 and after adding any supplementary pension payable under Rule 17A(b), to be paid to that person under the said Rules in respect of any period specified in Rule 20 shall be a sum equal to the aggregate of the benefits to which he is entitled or of which he is in receipt thereunder, and if such a sum includes a fraction of a new penny, then that sum shall be adjusted in the same manner as provided in paragraph 1(c)(i) to (iii) of this Schedule.

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Source: https://www.legislation.gov.uk/uksi/1971/189/schedule/paragraph/2 (the official version)
Page: https://openlegislation.uk/transport-pension-schemes-decimal-currency-order-1971/schedule/paragraph-2
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.