Great British Railways: Workplace Pensions
The question
To ask the Secretary of State for Transport, pursuant to the answer to question UIN 120893 on 24 March 2026, what steps she is taking to protect the pensions of those who joined the Rail Pensions Scheme after midnight on 4 November 1993 in the transition to Great British Railways.
Answered by Keir Mather
We plan for the Railways Pension Scheme to continue to be the primary vehicle through which most rail employees build up their pension provision. This includes those employees who started working post-1993. The Railways Pension Scheme provides a defined benefit pension scheme to rail employees and will continue to operate once Great British Railways is created. The protections within the 1993 Railways Act remain unchanged by the Railways Bill currently going through Parliament.
Engagement on the details of Great British Railways’ future employee offer will take place between trade union and sector leaders.
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