§ Mr. Barry JonesTo ask the Secretary of State for Social Security (1) if he will make a statement concerning the Stadex Industries Limited retirement savings plan;
(2) when he expects that members' benefit entitlement can be determined consequent upon continuing investigations into Stadex Industries Limited retirement savings plan;
(3) how many individuals are involved in the Stadex Industries retirement savings plan; and what is his estimate of the arrears under the insurance content concerning the Stadex retirement savings plan;
(4) for how long employee contributions were continuing to be deducted from the salary of members of the Stadex retirement savings plan and placed on deposit in a trustee bank account before members were contracted back into the state earnings-related pension scheme.
§ Miss WiddecombeThe information requested is not collected by the Department. The Stadex Industries Limited retirement savings plan is a contracted out, salary-related pension scheme first contracted out on 1 June 1988. The Occupational Pensions Board, an independent statutory body, is currently considering the position of the scheme and its ability to meet its guaranteed minimum pension commitment.