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.
Pensions Bill
Proceeding contribution from
Baroness Noakes
(Conservative)
in the House of Lords on Monday, 4 June 2007.
It occurred during Committee of the Whole House (HL)
and
Debate on bills on Pensions Bill.
About this proceeding contribution
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692 c1007 Session
2006-07Chamber / Committee
House of Lords chamberSubjects
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