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B R Pension Schemes
Mr. Kenneth Clarke
I beg to move amendment No. 89, in page 68, line 10, at end insert—
The amendment seeks to add to the list of pension schemes under the Bill the Southern Railway (South Eastern & Chatham Section) Enginemen & Motormen's Pension Fund Society. This is an important pension scheme which the Government forgot when they first drafted the Bill. We have discovered that it is run from Wandsworth Common station and we have yet to discover how many beneficiaries it has. There is an obligation upon British Rail to maintain the fund if interest rates should drop below 4 per cent. This liability has not been called upon for some time, and we should like to add it to Schedule 8 in case it is. I commend the amendment to the House.'Southern Railway (South Eastern & Chatham Section) Enginemen & Motormen's Pension Fund Society'.
Amendment agreed to.