UK Parliament / Open data

Pensions Bill

moved Amendment No. 41: 41: Clause 14, page 16, line 16, leave out ““employment”” and insert ““pensionable service”” The noble Baroness said: The two amendments in this group relate to new Section 24D, which is inserted by Clause 14. The new section relates to survivors’ benefits which must be provided by a scheme which converts guaranteed minimum pensions. These are calibrated in Section 24D by reference to ““employment”” during the period that the GMP accrued. The Law Society of Scotland believes that this should relate to ““pensionable service”” rather than ““employment”” during the relevant period and the two amendments seek to make that change. A person could have been employed during the relevant period yet his service need not have been pensionable, for example, because the individual had not joined the pension scheme at the outset of his employment. These amendments are designed to clarify that. I beg to move.

About this proceeding contribution

Reference

692 c1007 

Session

2006-07

Chamber / Committee

House of Lords chamber

Legislation

Pensions Bill 2006-07
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