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Whereas a draft of this Order was laid before Parliament and approved by resolution of each House of Parliament;

Now, therefore, the Secretary of State, in exercise of the power conferred on him by section 143(3) and (4) of, and paragraphs 1(1) and 2 of Schedule 11 to, the Railways Act 1993^[1] hereby makes the following Order:

Citation, commencement and interpretation
    1.—(1)  This Order may be cited as the Railways Pension Scheme Order 1994 and shall come into force on 31st May 1994.

    (2)  Subject to paragraph 1(1) of Schedule 11 to the Railways Act 1993, expressions used in this Order and in Part I or II of that Act have the same meaning in this Order as they have in that Part unless otherwise indicated.

Establishment of the Railways Pension Scheme
    2.—(1)  The Railways Pension Scheme is established as an occupational pension scheme in accordance with the provisions of the Schedule to this Order.

    (2)  The Railways Pension Scheme shall be administered and managed in accordance with those provisions.

    (3)  The Railways Pension Trustee Company Limited^[2] is appointed the first trustee in relation to that Scheme.

Designation of the joint industry scheme
    3.    The Railways Pension Scheme is designated as the joint industry scheme for the purposes of Schedule 11 to the Railways Act 1993.

Signed by the authority of the Secretary of State for Transport

Roger Freeman

Minister of State, Department of Transport

27th May 1994

[1] 1993 c. 43. back

[2] A company limited by shares under the Companies Act 1985 (c. 6): registered number 2934539. back