Motion · S1M-01463 · 13 Dec 2000

McDermott UK Pension Plan - Former Ardersier Employees

Lodged by Mrs Margaret Ewing Members' Business Motion 34 supporters

The motion

That the Parliament notes that more than 1,500 former employees of the Ardersier fabrication yard were compulsory contributors to the McDermott UK pension plan which was first introduced in 1975; further notes that subscriptions continued to be collected until five years ago when McDermott joined with Brown and Root at Nigg to form the Barmac joint venture;expresses concern that the Louisiana-based McDermott International are now planning to take 65% of the £31 million left in the pension plan as part of the process of winding up the pension plan, expresses its support for the campaign to reverse this action by McDermott International, and calls on them to distribute the surplus fairly amongst those workers who paid into the fund.

Supporters (34)

Source: the Scottish Parliament motions and amendments record.