Transport Citation and commencement 1 This Order may be cited as the Railway Pensions (Substitution) (Amendment) Order 2017 and comes into force on 12th March 2017. Amendments to the Railway Pensions (Substitution) Order 1994 2 The Railway Pensions (Substitution) Order 1994 is amended as follows. 3 In Schedule 2 (payments of capital and interest in respect of the remaining one half of the sum of the capital values specified in articles 3 and 5)— a in paragraphs 2(1), 3(1) and 11(1), for “2003” substitute “2030”; b in paragraph 2(3), in paragraphs (a), (b), (c)(i), (c)(ii), (d)(i) and (d)(ii) of the definition of “relevant amounts”, for “7(1)” substitute “7(A1) or (1)”; c in paragraph 3(1), for “7(1)” substitute “7(A1) or (1)”; d in paragraph 3(7), in paragraphs (a), (b), (c)(i), (c)(ii), (d)(i) and (d)(ii) of the definition of “relevant amounts”, for “7(1)” substitute “7(A1) or (1)”; e in paragraph 4(2), for “7(1)” substitute “7(A1) or (1)”; and f in paragraph 7— i before sub-paragraph (1) insert— A1 Any interest which has accrued under paragraph 6 on 13th October in any year prior to and including 2030 on the outstanding balance of any Table B amount shall, on the day after it has accrued, be added to the outstanding balance of the amount specified in column 2 of Table B in relation to the year 10 years later than that year. ; ii in sub-paragraph (1), after “any year” insert “after 2030”; iii in sub-paragraph (2), in paragraphs (a), (b), (c)(i), (c)(ii), (d)(i) and d(ii) of the definition of “Y”, for “7(1)” substitute “7(A1) or (1)”; and iv in sub-paragraph (4), for “sub-paragraph (1) requires” substitute “sub-paragraph (A1) or (1) requires interest or”. Amendments to the Railway Pensions (Substitution and Miscellaneous Provisions) Order 1995 4 The Railway Pensions (Substitution and Miscellaneous Provisions) Order 1995 is amended as follows. 5 In Schedule 2 (payments of capital and interest in respect of the remaining one half of the sum of the capital values specified in articles 3 and 5)— a in paragraphs 2(1), 3(1) and 11(1), for “2004” substitute “2030”; b in paragraph 2(3), in paragraphs (a), (b), (c)(i), (c)(ii), (d)(i) and (d)(ii) of the definition of “relevant amounts”, for “7(1)” substitute “7(A1) or (1)”; c in paragraph 3(1), for “7(1)” substitute “7(A1) or (1)”; d in paragraph 3(7), in paragraphs (a), (b), (c)(i), (c)(ii), (d)(i) and (d)(ii) of the definition of “relevant amounts”, for “7(1)” substitute “7(A1) or (1)”; e in paragraph 4(2), for “7(1)” substitute “7(A1) or (1)”; and f in paragraph 7— i before sub-paragraph (1) insert— A1 Any interest which has accrued under paragraph 6 on 13th October in any year prior to and including 2030 on the outstanding balance of any Table B amount shall, on the day after it has accrued, be added to the outstanding balance of the amount specified in column 2 of Table B in relation to the year 10 years later than that year. ; ii in sub-paragraph (1), after “any year” insert “after 2030”; iii in sub-paragraph (2), in paragraphs (a), (b), (c)(i), (c)(ii), (d)(i) and d(ii) of the definition of “Y”, for “7(1)” substitute “7(A1) or (1)”; and iv in sub-paragraph (5), for “sub-paragraph (1) requires” substitute “sub-paragraph (A1) or (1) requires interest or”. Amendments to the Railway Pensions (Designation, Substitution and Miscellaneous Provisions) Order 2001 6 The Railway Pensions (Designation, Substitution and Miscellaneous Provisions) Order 2001 is amended as follows. 7 In Schedule 1 (payments of capital and interest in respect of the sum of the capital values specified in article 4(2) and (4))— a in paragraph 2(1), for “2010” substitute “2030”; b in paragraph 2(3), in paragraphs (a), (b), (c)(i), (c)(ii), (d)(i) and (d)(ii) of the definition of “relevant amounts”, for “7(1)” substitute “7(A1) or (1)”; c in paragraphs 3(1) and 11(1), for “2004” substitute “2030”; and d in paragraph 3(1), for “7(1)” substitute “7(A1) or (1)”; e in paragraph 3(7), in paragraphs (a), (b), (c)(i), (c)(ii), (d)(i) and (d)(ii) of the definition of “relevant amounts”, for “7(1)” substitute “7(A1) or (1)”; f in paragraph 4(2), for “7(1)” substitute “7(A1) or (1)”; and g in paragraph 7— i before sub-paragraph (1) insert— A1 Any interest which has accrued under paragraph 6 on 13th October in any year prior to and including 2030 on the outstanding balance of any Table B amount shall, on the day after it has accrued, be added to the outstanding balance of the amount specified in column 2 of Table B in relation to the year 10 years later than that year. ; ii in sub-paragraph (1), after “any year” insert “after 2030”; iii in sub-paragraph (2), in paragraphs (a), (b), (c)(i), (c)(ii), (d)(i) and d(ii) of the definition of “Y”, for “7(1)” substitute “7(A1) or (1)”; and iv in sub-paragraph (5), for “sub-paragraph (1) requires” substitute “sub-paragraph (A1) or (1) requires interest or”. Signed by authority of the Secretary of State for Transport Ahmad of Wimbledon Parliamentary Under Secretary of State Department for Transport 15th February 2017