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Baptist Union of Great Britain

Volume 507: debated on Monday 8 March 2010

To ask the Secretary of State for Work and Pensions (1) if she will meet representatives of the Baptist Union of Great Britain to discuss the effects of section 75 of the Pension Act 2004 on their organisation; (320872)

(2) when she intends to reply to the letters dated 15 January and 9 February 2010 from the hon. Member for Wantage about the effect of section 75 of the Pension Act 2004 on the Baptist Union of Great Britain;

(3) if she will make an assessment of the effects of section 75 of the Pension Act 2004 on the Baptist Union of Great Britain; and if she will make a statement.

I replied to the hon. Member on 6 March 2010.

Where an employer ceases to participate actively in a multi-employer defined benefit pension scheme, section 75 of the Pensions Act 1995 provides that it may be required to pay an “employer debt”. This is a sum of money payable to the pension scheme. The policy behind the employer debt requirements is to provide protection for pension scheme members after a sponsoring employer ceases to participate.

The Baptist Union of Great Britain has particular concerns about the way that section 75 applies to their pension scheme. I have therefore asked my officials to meet representatives of the Baptist Union to discuss their concerns. They will report to me about the outcome of the meeting.