Post Office Superannuation Fund

HC Deb 22 October 1973 vol 861 c366W

43. Mr. Golding

asked the Minister of Posts and Telecommunications if he will make a grant of £11.1 million to the Post Office in respect of the actuarial deficit on the payment made by the Treasury to the Post Office in respect of the pension liabilities taken over when the Post Office Corporation was set up.

Sir J. Eden

As stated in the Post Office Report and Accounts for 1972–73, an approximate actuarial assessment has indicated a deficiency in part of the Post Office Superannuation Fund. A final report by the fund's actuary is expected in December or January. This will need to be considered by the trustees of the fund and by the Post Office. Decisions can then be taken about how to deal with the deficiency.