The Railways Pension Scheme Order 1994

Preserved Benefits

9A  A Member who leaves Service before Minimum Pension Age and who satisfies the preservation requirements (see Rule 9C (Preservation Requirements)) shall remain entitled to benefits under the Section.

Benefits shall be provided for the Member as described in Rule 6 (Retirement Benefits) except that the Member’s Benefit Date shall be Minimum Pension Age unless the Member with the consent of the Trustee chooses either (a) a later date not later than when the Member leaves all employment and not in any event later than age 75 or (b) an earlier date not earlier than age 50 (unless the Member is suffering from Incapacity).

Any GMP shall be increased before payment as required by the Contracting–out Laws.

If the Member dies before his Benefit Date death benefits shall be provided as described in Rule 7.