Early day motion tabled by primary sponsor Tom Cox (Labour), on Tuesday, 23 November 2004, in the House of Commons. It is signed by 124 members in total.

---

PENSIONERS OF THE MAXWELL COMMUNICATIONS PENSION FUND

That this House notes with deep regret that years after the collapse of the Robert Maxwell companies due to the theft of the pension funds, some 1,400 former employees out of a total of 32,000 are still only receiving a fraction of the pensions which they paid into for many years; further notes that, following vigorous efforts of Parliament, a great deal of the funds were recovered by Lord Cuckney from city institutions; regrets that the distribution of the ??280 million raised which should have been sufficient to ensure every pensioner received their full entitlement was not as successful as might have been expected, leaving this particular fund in shortfall, whilst ??30 million of the monies collected to fully restore the pension funds were appropriated by HM Treasury; and therefore calls upon the Government, and in particular HM Treasury, to remit the ??30 million to the pension fund in order to raise their present pensions to what the former employees believe is their promised and rightful entitlement.

---

Secondary information

Type

Early day motion

Reference

89 

Session

2004-05

Subjects

Pensions Robert Maxwell Group

Link

View this Early day motion on www.parliament.uk