Pension Scheme Surplus Cases

Posted on Feb 28, 2001

The House of Lords is hearing an appeal in relation to use of the National Grid surplus estimated at c2bn. and the judgment over the use of surplus in the Airways Pension Scheme case is also due this month.

In the Barclays case it has been established that surplus in a Defined Benefit section can be used to defray employer contributions to the Defined Contribution section of the same scheme.