Hywel Williams
Main Page: Hywel Williams (Plaid Cymru - Arfon)
Sajid Javid
My hon. Friend asks a good question. Under the current scheme rules, the trustees have the right to make the changes they have proposed, but what is preventing them from doing so is legislation. When the trustees discuss the issue and communicate with their members, it is important that they provide full information.
Hywel Williams (Arfon) (PC)
The Secretary of State mentioned the support of the First Minister and the trade unions. Likewise, Plaid Cymru is resolute in its support of the steel industry; in fact, we proposed some practical and detailed measures that would have supported it many weeks ago. However, does he accept that our support is contingent on the pensions of current steelworkers and steel pensioners not being affected?
Sajid Javid
If the consultation proposals do not go ahead—it is important to note that the Government have not made a decision—it is very likely that the scheme will end up in the Pension Protection Fund, because of the size of its deficit. Of course, we and officials are happy to discuss the issue in more detail with the hon. Gentleman, but when he makes his determination I urge him to keep in mind what the alternative might be.