HC Deb 17 July 1991 vol 195 c182W
Mr. David Nicholson

To ask the Chancellor of the Exchequer which sections of the public service have had trusts or pension or charitable funds established as a result of the underpayment of pensions in 1987–88; what are the amounts of capital vested in these trusts, pensions or charitable funds; and what are the estimated costs of establishing such trusts and administering them.

Mrs. Gillian Shephard

I refer my hon. Friend to the reply given by the then Paymaster General to my hon. Friend the Member for Fulham (Mr. Carrington) on 3 May 1988, at column400, in which he gave details of the existing public service charities to which donations were being made as a result of the underestimation in the retail prices index. The Paymaster General also said that, as there was no national charity on a scale desirable for the national health service, the Government would consult staff and management interests on the possibility of establishing one.

The NHS Pensioners' Trust came into operation on 1 April 1991, and it was given £1,311,000. It was the only trust, pension or charitable fund set up for the public services as a result of the retail prices index error. The estimated cost of establishing the trust is of the order of £35,000. The cost of administering the trust is a matter for the trustees.