§ Mrs. DunwoodyTo ask the Secretary of State for Social Security (1) if he will list the criteria for deciding what amount of any surplus in pension funds of privatised industries are split, once the actuarial assessment of the amount needed to meet the pension benefits of past and present employees has been made;
(2) if he will list the criteria for deciding who receives any surplus of pension funds in privatised industries, after the actuarial assessment of the amount needed to meet the pension benefits of past and present employees has been made.
§ Mr. HagueIn all occupational pension schemes, including those of privatised industries, the application of any scheme surplus is a matter to be determined in accordance with the terms of the scheme rules. Pension arrangements on privatisation accordingly depend upon the particular circumstances of the scheme concerned.
§ Mrs. DunwoodyTo ask the Secretary of State for Social Security when he will issue the discussion papers on occupational pensions that he announced on 3 November; and who they will be available to.
§ Mr. HagueThe first five papers in a series of discussion papers on non-state pensions were published on 3 December 1993. Copies of the papers have been placed in the Library, sent to interested parties, and are available on request.