§ Mr. Stott
To ask the President of the Board of Trade what steps he is taking to ensure that, in the event of the privatisation of Parcelforce, the future owner will make pension provisions for the employees which, when taken as a whole, will be no less favourable than those currently provided under the Post Office pension schemes.
§ Mr. Leigh
[holding answer 7 December 1992]: There is extensive experience of protecting the accrued rights of public sector employees on privatisation; the same diligence will apply to the sale of Parcelforce. A potential purchaser's plans for future pension provision will in addition be carefully scrutinised at the time bids are sought.