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Pension surplus for Government

16th November 1989
Page 18
Page 18, 16th November 1989 — Pension surplus for Government
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Which of the following most accurately describes the problem?

• A surplus of around 2100 million from the pension scheme for the now-privatised National Bus Company will be returned to the Government with no extra benefit going to former employees.

Former group pension mana ger for National Bus, Tony Walker, says that the arrangement is above board sAnd was written into the pension termination agreement.

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People: Tony Walker

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