Early day motion tabled by primary sponsor Hugh Bayley (Labour), on Tuesday, 15 October 1996, in the House of Commons. It is signed by 41 members in total.

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RAILWAY PENSION SCHEME

That this House condemns the Secretary of State for Transport for instructing the Government Actuary, without consulting the Railway Pension Trustee, to provide a briefing note about the size of the British Rail pension fund surplus to private companies bidding for railway passenger franchises; believes that action which in any way compromises the independence of the Railway Pension Trustee or could be taken to imply agreement to a future distribution of surplus is wrong; and calls on the Secretary of State for Transport to withdraw the briefing note to franchise applicants, to honour the Government's assurances given in the proceedings of the House on the Railway Bill that the pension funds would be used to provide pensions and for no other purpose, and to respect the independence of the Railway Pension Trustee. (Relevant registered interest declared).

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Secondary information

Type

Early day motion

Reference

1253 

Session

1995-96

Other sponsors

Baroness Hodge of Barking

Helen Jackson

Baroness Lestor of Eccles

Keith Hill

Baroness Corston

Subjects

Privatisation Railways Pension funds Railways Pension Trustee Company

Link

View this Early day motion on www.parliament.uk