Written question asked by Pete Wishart (Scottish National Party) on Friday, 20 July 2001, in the House of Commons. It was due for an answer on Monday, 15 October 2001. It was answered by Andrew Smith (Labour) on Monday, 15 October 2001 on behalf of the Treasury.

Treasury

Question: To ask Mr Chancellor of the Exchequer, for what reason the National Bus Group Pension Fund has been treated differently from the Scottish Bus Group Pension Fund; what his policy is on payment of additional compensation to Scottish Bus Group pensioners; and if he will make a statement.

Answer: Pete Wishart: To ask the Chancellor of the Exchequer for what reason the National Bus Group Pension Fund has been treated differently from the Scottish Bus Group pension fund; what his policy is on payment of additional compensation to Scottish Bus Group pensioners; and if he will make a statement. [7075] Mr. Andrew Smith: The circumstances of the National Bus Group pension fund are not the same as those of the Scottish Transport Group pension fund. However, while there is no legal entitlement for STG pension scheme members to share in the pension surplus at wind-up, the Scottish Executive have announced that they will make ex gratia payments to members, to achieve an outcome broadly comparable to that secured in England.

Secondary information

Type: Written question
Reference: 7075; 372 c846W;372 c845-6W
Session: 2001-02
Subjects: Compensation Pensioners Workplace pensions Pensions Pension funds Pension rights Scottish Transport Group National Bus Company
Link: View this Written question on www.publications.parliament.uk

Treasury

Secondary information

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