Proceeding contribution from Lord De Mauley (Conservative) in the House of Lords on Wednesday, 6 April 2011. It occurred during Committee of the Whole House (HL) and Debate on bill on Postal Services Bill.
Postal Services Bill
My Lords, my noble friend makes an extremely important point. The terminology is confusing but I think that he is talking about the RMPP scheme, the old liabilities and assets having been transferred out into what is rather confusingly called the new scheme. Therefore, he is concerned about the ongoing liabilities in the RMPP scheme. I will write to him, but I can tell him that £1.5 billion of funding will be left in the new scheme specifically to cover what is known as the salary link. However, I had better expand on that in writing, if I may.
Secondary information
- Type
- Proceeding contribution
- Reference
- 726 c1741
- Session
- 2010-12
- Chamber / Committee
- House of Lords chamber
- Subjects
- Contracts Devolved matters Competition Finance Insolvency Privatisation Workplace pensions Staff Post offices Prices Pension funds Postal services Parcels Ofcom Postal Services Commission Post Office Postage stamps Reform Wales Surcharges Rural areas Royal Mail Universal service obligation Operating costs British Postal Museum and Archive
- Legislation
- Postal Services Bill 2010-12
- Link
- View this Proceeding contribution on www.publications.parliament.uk
Librarians' tools
- Timestamp
- 2023-12-15 15:32:53 +0000
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- http://data.parliament.uk/pimsdata/hansard/CONTRIBUTION_734772
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