§ Mr. BercowTo ask the Chancellor of the Exchequer what are the current pensions liabilities of the European Communities; and what reforms to a private-based system are under consideration. [101035]
§ Mr. TimmsI refer the hon. Member to the reply given to him by the Economic Secretary on 3 November 1999,Official Report, column 238W.
The Council has formally invited the Commission to present an assessment of future needs resulting from the pension scheme as well as a proposal to revise the scheme, by the end of June 2000.
Any reforms to a private-based system would have to be proposed by the Commission and they have not yet made any proposals for us to consider.