§ Sir F. Markhamasked the Minister of Transport, in view of widespread public interest in the improvement in the British Railways superannuation scheme, if he will undertake to make an 45W announcement to the House about this scheme as soon as the details are published by the Transport Commission.
§ Mr. Marples:Following are the details of the scheme which has recently been published by the British Transport Commission:
APRIL, 1961, SCHEME OF SUPPLEMENTATION FOR SUPERANNUITANTS OF THE BRITISH TRANSPORT COMMISSION:
Scope of Scheme
1. The Scheme will apply to retirement annuities provided wholly or partly from Commission sources and payable to former employees of the British Transport Commission or its predecessors, other than those superannuitants who at the date of retirement qualified as compulsory contributors for National Insurance benefit, i.e. pension, sickness, industrial injury or disablement benefit.
Annuity eligible for supplementation
The annuity eligible for supplement will be me basic retirement annuity and any supplementation under the Commission's existing Schemes of Supplementation dated April 1955, and April. 1956
Scale of Supplementation
3. Subject to paragraph 4, annuitants will receive supplements according to whichever of the following scales is applicable:—
ANNUITANTS OF THE L.M.S SUPERANNUATION FUND Year of Retirement Per cent. Minimum Increase £ On or before 30th June. 1946 12 40 1st July, 1946–31st December 1946 8 30 1947 1948 6 25 1949 1 1950 4 1 1951 1952 2 10 1953 and later None 46W
OTHER ANNUITANTS Year of Retirement Per cent. Minimum Increase £ On or before 30th June, 1946 12 40 1st July 1946–31st December 1947 10 35 1948 1949 1950 1951 6 25 1952 1953 4 15 1954 1955 2 10 1956 and aier None Maximum amount of supplement payable
4. There will be no limit to the amount of the annuity to be supplemented but the maximum amount of any supplement payable under this 1961 Scheme will be £100 per annum.
Existing Schemes of Supplementation
5. The Commission's existing Schemes of Supplementation dated April, 1955, and April, 1956, will continue in force and any supplements payable from this 1961 scheme will be additional thereto.
Date of Commencement
6. The Scheme will come into effect on, and (he supplements will be payable with effect from. 1st April. 1961.