Whether trustees of the Scottish Transport Group pension schemes have the discretion to distribute sums to members or their dependants in a…

Answered Asked by Fergus Ewing SNP Lodged 7 Dec 2001

The question

To ask the Scottish Executive whether trustees of the Scottish Transport Group pension schemes have the discretion to distribute sums to members or their dependants in addition to the sums that they currently propose to distribute.

The answer

Answered by Lewis Macdonald on 21 Dec 2001 · 14 days after it was lodged, on time

The administration of the Scottish Transport Group (STG) pension schemes and the securing of benefits under the schemes are entirely matters for the trustees of the scheme. On wind-up of the STG pension schemes, and the dissolution of the Scottish Transport Group, any sum remaining in the group will fall to the UK Exchequer. Scottish ministers have, however, secured the distribution of up to £118 million by way of ex-gratia payments to former members of the STG Pension Schemes.

In the Official Report

No contribution in the Official Report cites S1W-20782 by reference.