§ Mr. CousinsTo ask the Secretary of State for Social Security if he will ask the Occupational Pensions Board to review the imposition of early retirement reductions in many pension schemes.
§ Miss WiddecombeNo. It is a well-established principle that a member of an occupational pension scheme who retires before the scheme's normal retirement age usually receives a reduced pension. The amount of any reduction, which is calculated on an actuarial basis, is determined according to the rules of the scheme.