33-2FF-1987
14:74
SAL-
Scheme.
Under the latter, SPOS is taken into account in cetermining what is the actual income: in determining the notional pension, the increase in RPI, which SPOS is intended to provide for, is taken into account so that the guarantee is substantially a matter of the exchange rate. Is this correct ? As a matter of fact, coes the application of section 59 of the Social Security Pensions Act on one side of the equation cancel out the application of section 11 of the Pensions (Increase) Act on the other ?
Head A(c): which alternative is correct for the commencement of the application of section 59 ?
Head C(b): Will there always have been a SPOS payment, so that the passage in bold type is unnecessary ?
Head C(c): Which alternative is correct for the commencement of the application of section 59 ?
Head E(e): Is 1st April correct ?
4. I shall be grateful for instructions on the matters raised in paragraph 3 above and for any comments on the draft.
5.
This fax continues with the ten paragraphs of the main part of the draft. The following fax contains Annexes and II.
4
P.F.
3.34 10