Great British Railways: Workplace Pensions

(asked on 25th March 2026) - View Source

Question to the Department for Transport:

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 Portrait
Keir Mather
Parliamentary Under-Secretary (Department for Transport)
This question was answered on 15th April 2026

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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