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Pension Rights

Volume 448: debated on Thursday 6 July 2006

To ask the Chancellor of the Exchequer what mechanism is in place to ensure staff transferring from public to private sector under Transfer of Undertakings (Protection of Employment) terms have their pension rights protected; and whether he has made an assessment of the compliance of existing arrangements with the Government’s guidance on, Staff Transfers in the Public Sector: A Statement of Practice. (82876)

HM Treasury guidance: (Staff Transfers from Central Government: A Fair Deal for Staff Pensions) supplemented by further guidance issued in 2004 and Cabinet Office guidance: (Staff Transfers in the Public Sector Statement of Practice) remain in force. It is incumbent upon bodies or organisations transferring staff from the public sector to the private sector to be familiar with the guidance.