Superannuation : R.H.E. Win Claim IN London, on Monday, the
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Transport Arbitration Tribunal ruled that a staff superannuation and assurance scheme set up by T. M. Fairclough and Sons, Ltd., London, S.E.1, was a relevant contract within the meaning of Section 45 (1) of the Transport Act, 1947. The British Transport Commission took over the company in 1950 and the question at issue was whether the superannuation scheme was a contract ollevant to acquisition (The Commercial Motor, April 17).
" We cannot extend our determination to contracts between the company and such employees as were members of the scheme, as no such contracts have been proved," said the Tribunal. "The applicant [the Road Haulage Executive] has, however, established the principle for which it contended."
Costs were awarded to the R.H.E.