art 4 Disposal of Surplus on Winding up
If after the death, or other cessation of entitlement to benefit, of the last remaining person entitled to receive benefit from a pension scheme to which this Order applies, and after provision has been made for the payment of all costs, charges and expenses of winding up the scheme, there remain any surplus funds subject to the trusts of the scheme, then, in so far as no provision is made by the existing terms of the scheme for the application of such surplus funds, the same shall be transferred and added to the funds of such one or more other pension schemes of the Railways Board (and if more than one, in such proportions) as the Railways Board may, with the approval of the Minister, determine.