HC Deb 05 June 1984 vol 61 c140W
Mr. Allen Adams

asked the Secretary of State for Defence if he will take steps, in the event of the Government selling royal ordnance factories, to ensure that any pension schemes embarked on after the date of the sale match the existing schemes.

Mr. Pattie

The Government plan to incorporate the ROFs as a wholly owned Companies Act company; and are presently negotiating with the relevant trades unions a company pension scheme for transferring employees, the terms of which would be no less favourable than those of the principal Civil Service pension scheme. As has been made clear, in the event of the subsequent introduction of private capital, the terms and conditions of service of the company's employees, including their pension arrangements, would be unaffected.

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