HC Deb 08 March 1993 vol 220 c405W
Ms. Estelle Morris

To ask the President of the Board of Trade what was the percentage level of the employer's contribution to the pension funds of(a) British Telecom, (b) British Gas and (c) the electricity boards in the year prior to privatisation.

Mr. Heseltine

[holding answer 5 March 1993]Percentage levels of the employer's contribution in these companies in the year prior to the privatisation of each were:

  • British Telecommunications Staff Superannuation Scheme: 15.5 per cent. (FY 1983–1984).
  • British Gas Corporation Pension Scheme (Industrial): 6 per cent. (FY 1986–1987).
  • British Gas Staff Pension Scheme: 23.4 per cent. (FY 1986–1987).
  • Electricity Supply Pension Scheme: 37 per cent. (FY 1989–1990).