The Railways Pension Scheme celebrates its 25th anniversary

The Scheme was set up on 1 October 1994 to replace the old British Rail Pension Scheme (BRPS) following the privatisation of British Rail.

Back in 1994, the Scheme had seven sections, including 1994 Pensioners, British Rail, Railtrack, European Passenger Services, Transmark, Railways Pensions Management and CAMAS UK.

Total assets of £8,350 million were transferred from the BRPS, which had 116,236 active members, 45,267 members with preserved benefits and 138,616 pensioners on 31 March 1994.

Fast-forward 25 years and the RPS has 112 sections, managing total assets of £26.7bn, which makes it one of the largest pension schemes in the country.

The RPS has thrived over the years thanks to your support – thank you for being a part of its success.

Visit the RPS website to learn more about the Scheme.