§ Mr. Tim Smithasked the Secretary of State for Industry what representations he has received about the failure of the Post Office to fulfil its responsibility under the Post Office Act 1969 to meet the actuarial deficiency on the Post Office Superannuation Fund: and if he will make a statement.
§ Mr. Les HuckfieldThe Post Office has arrangements for liquidating the deficiency over a period of 20 years from 1st April 1972 by annual contributions to the Staff Superannuation Fund as described in Note VIII to the Post Office's Report and Accounts for 1976–77. These arrangements are fully consistent with the Post Office Act 1969, and are acceptable to the fund's trustees. A number of representations on the deficiency have been made as part of the general process of consultation on the Report of the Post Office Review Committee (Cmnd. 6850).