§ 35. Viscount SANDONasked the President of the Board of Education whether he can make any statement as to the proposed Government pension scheme for private schoolmasters; whether he has received any protests; whether he can publish the Government actuary's Report on the terms; and to what age the recipient would have to live before he had received back the sums he had originally contributed?
§ The PRESIDENT of the BOARD of EDUCATION (Lard Eustace Percy)The scheme in question was published in draft on 5th July and sealed on 11th October last. I am sending my hon. Friend a copy of a Memorandum on the effect of the scheme. Up to the present, applications have been received from 127 schools (of which 73 are privately owned and 54 conducted by governing bodies), and 39 have been formally approved. I have received criticisms of the scheme on the ground that its conditions were in some respects different from those under the Act, but these differences were necessary in order to observe the statutory requirement that the contributions to be paid might be expected to be equal in value to the benefits payable. I have no formal report upon the scheme by the Government Actuary, but it was, of course, framed in consultation with him, as required by the Act. The answer 1903 to the last part of the question depends on the circumstances of each particular case.
§ Viscount SANDONIs it not a fact that better terms can be obtained outside?
§ Lord E. PERCYIf these gentlemen can get better terms elsewhere, they will doubtless take them.