
1 
This Order shall come into operation on 30th December 1981 and may be cited as the British Railways Pension Scheme (Unfunded Proportions) (No. 2) Order 1981.
2 
In this Order—
 “B.R. pension scheme” has the meaning given by Section 60 of the Transport Act 1980;
 “the relevant pension obligations” has the meaning given by Section 53 of the Transport Act 1980.
3 
This Order applies to the B.R. pension schemes listed in column (1) of the Schedule to this Order.
4 
The proportion of the relevant pension obligations which has not been funded in relation to each B.R. pension scheme listed in column (1) of the Schedule to this Order is determined to be the proportion shown in column (2) of that Schedule.
5 
This Order confirms or varies all previous determinations of the proportion of relevant pension obligations which has not been funded, made by the Secretary of State in relation to each of the B.R. pension schemes listed in column (1) of the Schedule to this Order as stated in column (3) of that Schedule.
David Howell
Secretary of State for Transport
18th November 1981
THE SCHEDULE


(1) (2) (3)
Pension Scheme Proportion of the relevant pension obligations determined not to have been funded Effect of Order on previous determinations
British Railways Superannuation Fund:
New Section 0.4163 Varies
GWR Section Zero Confirms
LMSR Section Zero Confirms
LNER Section so far as relating to persons admitted to the London and North Eastern Railway Superannuation Fund before 1st June 1957 Zero Confirms
LNER Section so far as not so relating Zero Varies
RCS Section 0.5192 Varies
SR Section Zero Confirms
British Transport Police Force Superannuation Fund 0.6599 Varies
B.R. (1974) Pension Fund 1.0000 Confirms
Great Eastern Railway New Pension Fund and New Pension (Supplemental) Fund Trust Account Zero Confirms
Great Northern Railway Superannuation Fund 0.6153 Varies
Great Western Railway Inspectors and Foremen's Special Pension Fund Zero Confirms
Great Western Railway Pension Society Zero Confirms
Great Western Railway Salaried Staff Supplemental Pension Fund 1.0000 Confirms
Great Western Railway Supplemental Pensions Reserve Fund 0.0259 Varies
Great Western Railway Widows and Orphans' Benevolent Fund Zero Confirms
Lancashire and Yorkshire Railway Pension Fund Society 0.0894 Varies
London, Brighton and South Coast Railway Pension Fund Zero Confirms
London Midland and Scottish Railway (L.N.W.) Insurance Society 1.0000 Confirms
London Midland and Scottish Railway (L.N.W.) Provident and Pension Society 1.0000 Confirms
London Midland and Scottish Railway (L.N.W.) Supplementary Pension Fund and Locomotive Foremen's Pension Fund 1.0000 Confirms
London Midland and Scottish Railway Midland Friendly Society 1.0000 Confirms
London Midland and Scottish Railway (North Staffordshire Section) Friendly Society 1.0000 Confirms
North British Railway Insurance Society Zero Varies
North Eastern and Great Eastern Superannuation Societies and Pension Funds Joint Trust Account Zero Confirms
Southern Railway (South Eastern & Chatham Section) Enginemen & Motormen's Pension Fund Society Zero Confirms
Thomas Bantock & Co. Superannuation Fund 0.5562 Varies