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British National Oil Corporation

Volume 19: debated on Monday 8 March 1982

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asked the Secretary of State for Energy what discussions he has had in relation to the transfer of staff from the British National Oil Corporation to Britoil about the preservation of index linked pension rights; and if he will make a statement.

I am discussing with the British National Oil Corporation the question of pension rights, along with other issues connected with the sale of shares in Britoil. Staff of the corporation do not have rights to index linked pensions.