§ 100. Lieut.-Colonel Thorpasked the Minister of Fuel and Power the Government's intentions with regard to existing private pension schemes of collieries; will they be taken over as they are at present constituted, or will they be taken over under a new constitution.
§ Mr. GaitskellClause 37 of the Coal industry Nationalisation Bill provides for regulations being made for, among other things, the continuance, amendment or revocation of existing pension schemes. Such schemes vary considerably in character and it is not possible to generalise at the present stage about the way in which they will be dealt with under the regulations. I would emphasise, however, that the regulations which are made must provide for the same benefits or substituted benefits not less advantageous than those previously enjoyed either as of right or ender customary practice.