Railways Pension definition

Railways Pension the retirement benefits scheme known as the Scheme" Railways Pension Scheme which is currently governed by a deed of amendment and consolidation dated 14 November 1994 as amended;
View Source
Railways Pension means the pension scheme established by the Scheme” Railways Pension Scheme Order 1994 (No. 1433);
View Source

Examples of Railways Pension in a sentence

  • The Group also sponsors the Pension & Life Assurance Plan of Halcrow Fox & Associates Limited and contributes to the Halcrow Rail section of the Railways Pension Scheme, both of which are also defined benefit arrangements.

  • Unless otherwise defined in the Franchise Agreement, terms used in this Schedule 16 shall have the meanings given to them in the Railways Pension Scheme.

  • Following the consultation, the decision was taken to close the schemes to future accrual with effect from 31 December 2007, with the exception of the Railways Pension Scheme and those members covered by the TUPE provisions.

  • The schemes were closed to future accrual with effect from 31 December 2007, with the exception of the Railways Pension Scheme and those members covered by the TUPE provisions.

  • Copies of all documents relevant to the Pension Schemes, the Railways Pension Scheme and the Telefonica Unfunded DB Scheme have been Fairly Disclosed in the relevant Data Room.

  • Similarly, it is intended that a new Section of the SGPS will be established to provide future service benefits for eight active members and past service benefits for 18 past employees who currently participate in the Omnibus Section of the Railways Pension Scheme.

  • Our team also has experience of advising Railtrack/Network Rail and franchise operators on matters pertaining to the Railways Pension Scheme (including a significant franchise remapping).

  • For the avoidance of doubt, all reasonable endeavours shall include for this purpose undertaking any consultation with employees or trade unions that may be required and seeking to obtain the consent of the Trustee of the Railways Pension Scheme, any Pensions Committee and the Secretary of State under paragraph 3.2(e) of Schedule 16 of the Franchise Agreement.” In paragraph 5.4 and 5.5, the reference to "Schedule 8 (Payments)" shall be deleted and replaced with "Schedule 8.1A (Franchise Payments)".

  • The schemes were closed to future accrual with effect from 31st December 2007, with the exception of the Railways Pension Scheme and those members covered by the TUPE provisions.

  • The Authority/Transport Scotland does not intend for the Railways Pension Scheme to come under the auspices of the Scottish Public Pensions Agency.

Related to Railways Pension

  • war pension means a war disablement pension, a war widow’s pension or a war widower’s pension;

  • occupational pension means any pension or other periodical payment under an occupational pension scheme but does not include any discretionary payment out of a fund established for relieving hardship in particular cases;

  • Company Pension Plan means each: (a) Company Employee Plan that is an “employee pension benefit plan,” within the meaning of Section 3(2) of ERISA; or (b) other occupational pension plan, including any final salary or money purchase plan.

  • Normal Retirement Benefit means the benefit described in Section 2.1.

  • pension benefit means a pension, annuity, gratuity or similar allowance which is payable—