Pensions

Part of Bill Presented – in the House of Commons at 4:08 pm on 13 March 1997.

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Photo of Mr David Shaw Mr David Shaw , Dover 4:08, 13 March 1997

My right hon. Friend has referred to the report of the Select Committee on Social Security on unfunded pension liabilities. It recently hosted a seminar for parliamentarians from Parliaments across Europe. We invited them to the House of Commons to talk about their unfunded pension liabilities and our pension funds. They were full of admiration for what my right hon. Friend's policies have achieved, and they will no doubt be following very closely the basic pension plus proposal, which I am sure all European countries will want to copy.