§ Mr. McCrindleasked the Secretary of State for Social Services if he has received any representations suggesting that occupational pension schemes are less secure in an inflationary period than the State 638W scheme; what reply he has sent; and if he will make a statement.
§ Mr. OrmeI have received none. In its report on, inter alia, the solvency of occupational pension schemes—Cmnd. 5904—the Occupational Pensions Board suggested certain safeguards for pension rights which would be used for contracting-out purposes and these were built into the Social Security Pensions Act 1975. As was made clear in paragraph 45 of the White Paper issued last June on Occupational Pension Schemes —Cmnd. 6514—the Government propose in due course to refer to the Occupational Pensions Board the wider aspects of pension scheme solvency.