The British Transport (Transfers from British Waterways Board Pension Schemes) Order 1968
This Order provides for the payment of transfer values in respect of employees of the British Waterways Board who are members of the five pension schemes mentioned in the Order and who, within 12 months (or such longer period as may be allowed) of leaving the Board's employment, enter other employment and become members of approved pension schemes in connection with that employment. The Order also states how the transfer values are to be calculated and prescribes the conditions to be satisfied by the pension schemes to which the payments are to be made. The Order has effect from 1st April 1965, by virtue of S. 74(7) of the Transport Act 1962.