Examination of Witnesses (Questions 380-381)|
THURSDAY 11 JULY 2002
380. Your authority wants to see more employee
(Mr Williams) I would certainly like to see the detail
of what the Government is proposing.
381. Your concern is about transfers. Are you
happy about your own pension fund in Wolverhampton being buoyant
enough to meet all its future requirements?
(Mr Williams) All pension funds have taken a bit of
a battering in the last few weeks and the West Midlands Pension
Fund is no different. It is there for the long term, and we all
expect that over time the stock market will rise. Local government
employees' officers' pensions are protected by statute.
Mr Cummings: Have you any observations about
the Government bringing forward legislation to establish pension
funds for local members, if they could be persuaded to do so?
I am surprised that we have three councils here today, and yet
there does not seem to be any evidence at all relating to allowances,
severance pay and pensions.
Chairman: I am going to have to cut you offmerely
with a smilebecause we are running late. Thank you very
much for your evidence.