The Railways Pension Scheme Order 1994

Appendix 7 AMENDMENT RESTRICTIONS — SHARED COST SECTIONS

The following changes to the Pension Trust and Rules under Clause 13 which affect any Protected Person who joins a Section which has adopted the rules of the Shared Cost Arrangement shall not be made or shall only be made as described below:

(i) If an amendment alters or the method of calculation of benefits, such amendment shall apply only to benefits payable to or in respect of Members who contribute to the Section on or after the date the amendment comes into force unless either the deed making the amendment provides otherwise or in the 1994 Pensioners “A” and “B” Sections a deed of amendment is not required.

(ii) Schedules 5 and 7 to the Rules may be amended by the Trustee without the consent of the Designated Employer but only after having taken the advice of the Actuary.

(iii) Amendments to:

(a) the basis of the conversion of benefits under Rule 6A (Additional Pension) or 6B (Additional Lump Sum);

(b) Schedules 5, 7 and Schedule 8 to the Rules

shall apply only to elections made on or after the date the amendment comes into force.