Identity area
Reference code
Title
Date(s)
- 1956 - 2005 May (Creation)
Level of description
Extent and medium
0.01 linear metres (3 documents)
Context area
Name of creator
Biographical history
In 1990, when privatisation of the electricity industry occurred, most staff were either in, or retired from, a "final salary" scheme called the Electricity Supply Pension Scheme (ESPS) to which they paid 6% of their working salary whilst the employing board paid an amount equal to 12%. Although membership is not now compulsory, it was a condition of employment for almost all pre-1990 ESPS members and the pension arrangement was recognised to be part of the employment package.
Strenuous efforts were made to assure staff that their rights and conditions would be protected in the new organisation. Indeed, the Government issued a Statutory Instrument (S.I. 346 1990) for this purpose. A further S.I. (No.318 1990) set out the amendments which the Government required to be made to the ESPS pension scheme. This latter S.I. paved the way for the original single ESPS scheme to be split into 24 Group schemes, each of which is closely identified with one employer.
Repository
Archival history
GB 0074 LMA/4485 1956 - 2005 May Collection 0.01 linear metres (3 documents) Electricity Supply Pension Scheme
In 1990, when privatisation of the electricity industry occurred, most staff were either in, or retired from, a "final salary" scheme called the Electricity Supply Pension Scheme (ESPS) to which they paid 6% of their working salary whilst the employing board paid an amount equal to 12%. Although membership is not now compulsory, it was a condition of employment for almost all pre-1990 ESPS members and the pension arrangement was recognised to be part of the employment package.
Strenuous efforts were made to assure staff that their rights and conditions would be protected in the new organisation. Indeed, the Government issued a Statutory Instrument (S.I. 346 1990) for this purpose. A further S.I. (No.318 1990) set out the amendments which the Government required to be made to the ESPS pension scheme. This latter S.I. paved the way for the original single ESPS scheme to be split into 24 Group schemes, each of which is closely identified with one employer.
Deposited by the Pensions Archive Trust in 2008.
The collection contains Pension Scheme Explanatory Booklets; 'Central Electricity Authority and Area Boards (Manual Workers) Superannuation Scheme Explanatory Booklet' (1956) [facsimile copy]; 'Electricity Supply (Staff) Superannuation Scheme Explanatory Booklet' (1956) [facsimile copy] and 'Electricity Supply Pension Scheme Northern Electric Group Members Guide (2005).
This collection is arranged into a series of Pension Scheme Explanatory Booklets (LMA/4485/01).
These records are available for public inspection, although records containing personal information are subject to access restrictions under the UK Data Protection Act, 1998.
Copyright rests with the depositor.
English
Please see online catalogues at: http://search.lma.gov.uk/opac_lma/index.htm
This collection forms part of the Pensions Archive.
Compiled in compliance with General International Standard Archival Description, ISAD(G), second edition, 2000; National Council on Archives Rules for the Construction of Personal, Place and Corporate Names, 1997.
July to October 2009 Documents Business records Information sciences Communications media Publications Booklets Service industries Financial service industries Pension services Information sources Occupational pensions Pensions Social security Social services Company archives Electricity Supply Pension Scheme
Immediate source of acquisition or transfer
Deposited by the Pensions Archive Trust in 2008.
Content and structure area
Scope and content
The collection contains Pension Scheme Explanatory Booklets; 'Central Electricity Authority and Area Boards (Manual Workers) Superannuation Scheme Explanatory Booklet' (1956) [facsimile copy]; 'Electricity Supply (Staff) Superannuation Scheme Explanatory Booklet' (1956) [facsimile copy] and 'Electricity Supply Pension Scheme Northern Electric Group Members Guide (2005).
Appraisal, destruction and scheduling
Accruals
System of arrangement
This collection is arranged into a series of Pension Scheme Explanatory Booklets (LMA/4485/01).
Conditions of access and use area
Conditions governing access
These records are available for public inspection, although records containing personal information are subject to access restrictions under the UK Data Protection Act, 1998.
Conditions governing reproduction
Copyright rests with the depositor.
Language of material
- English
Script of material
- Latin
Language and script notes
English
Physical characteristics and technical requirements
This collection forms part of the Pensions Archive.
Finding aids
Please see online catalogues at: http://search.lma.gov.uk/opac_lma/index.htm
Allied materials area
Existence and location of originals
Existence and location of copies
Related units of description
Notes area
Alternative identifier(s)
Access points
Place access points
Name access points
Genre access points
Description control area
Description identifier
Institution identifier
Rules and/or conventions used
Compiled in compliance with General International Standard Archival Description, ISAD(G), second edition, 2000; National Council on Archives Rules for the Construction of Personal, Place and Corporate Names, 1997.
Status
Level of detail
Dates of creation revision deletion
Language(s)
- English