Treasury written question – answered at on 26 October 2001.
To ask the Chancellor of the Exchequer if he will make it his policy to use money paid to the Exchequer from the Scottish Transport Group pension fund to make payments to Scottish Transport Group pensioners; and if he will make a statement.
holding answer
While there is no legal entitlement for Scottish Transport Group pension scheme members to share in the pension surplus at wind up, Scottish Executive Ministers, following agreement with Treasury Ministers, will make ex gratia payments to eligible pension scheme members when the scheme is would up of around £100 million.
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