§ Mr. Boyes
asked the Secretary of State for the Environment what provision he proposes to make in the water industry privatisation legislation in relation to pension arrangements (a) during the period when the water services public limited companies are owned by the Government and (b) when they are sold to the private sector.
§ Mr. John Patten
[pursuant to his reply, 14 April 1986, c. 302]: The rights of existing and deferred pensioners and rights accrued by existing employees under the local government superannuation scheme are unaffected by privatisation. The industry is now considering the position of new employees and of existing employees in respect of future service. When I have received and considered their proposals I shall make clear the Government's position.