§ Mr. MorganTo ask the Chancellor of the Exchequer if he will specify which categories of public servants and service men with preserved pension rights have the right to transfer to personal pension plans and indicate from which earliest date of leaving public service employment that entitlement stands.
§ Mr. NelsonAll former public servants and members of the armed forces whose last day of pensionable service was on or after 1 January 1986 may transfer their preserved public service pension rights to an appropriate personal pension plan.
Those in post on or after 6 April 1988 who choose to opt out of their occupational pension scheme without leaving public service employment or the armed forces may transfer their preserved rights in respect of service from 6 April 1988 to an appropriate personal pension plan. If they subsequently leave the public service or the armed forces, they may transfer the value of any benefits remaining in their occupational scheme to an appropriate personal pension plan.
These arrangements are fully in accordance with the Social Security Acts 1985 and 1986.