Lucas Industries

EDM number 131 in 1991-92, proposed by Jeff Rooker on 12/11/1991.

That this House regrets that the Occupational Pensions Board has approved the request of Lucas Industries plc to remove ú90 million from the employees' pension fund for company use causing a further payment from the fund to the Inland Revenue of ú60 million so depleting the pension fund by ú150 million; notes that the 35,000 Lucas pensioners do not receive the maximum pensions allowed by the Inland Revenue; is mindful that the company has made no payments into the pension fund for six years; and believes a first call on any surplus in the pension fund should be to existing pensioners up to the maximum allowed.

This motion has been signed by a total of 41 MPs.