Qa Business Services Pensions

EDM number 771 in 1992-93, proposed by Richard Burden on 10/11/1992.

That this House notes the announcement that the Qa Business Services Pension Scheme has a deficit of ú2.2 million and the effect is that 130 deferred pensioners may receive only a third of their entitlements; notes that Qa Business Services was the privatised former Management Services Division of the West Midlands Regional Health Authority; further notes that prior to privatisation trade union representatives sought assurances from the Regional Health Authority from Sir James Ackers about the security of the pension scheme and that Sir James Ackers expressed confidence in the pension arrangements; in the light of the above, condemns the breach of faith which has taken place; and calls on both the West Midlands Regional Health Authority and the Secretary of State to accept their responsibilities to compensate the deferred pensioners for their loss.

This motion has been signed by a total of 46 MPs.