moved Amendment No. 5:
5: Clause 4, page 3, line 5, leave out from ““that”” to ““the”” in line 7 and insert ““in prescribed cases””
The noble Lord said: My Lords, I shall speak to Amendment No. 6 as well. Regulations under Clause 4 will enable an employer offering higher level pension provision to postpone the automatic enrolment of a jobholder for a short period. Employers who take advantage of the postponement facility must not disrupt active membership of the higher quality scheme for a minimum period. This is to ensure that jobholders have the opportunity to catch up on the employer contributions forgone during the postponement period. The length of the minimum period will also be set in regulations.
The amendments are minor and technical in nature and ensure that the clause operates as intended. They make it clear that the regulations under Clause 4 will define the features of the higher level scheme that must be provided during the minimum period. They also make it clear that the scheme must retain those features during the catch-up period. I beg to move.
Pensions Bill
Proceeding contribution from
Lord Tunnicliffe
(Labour)
in the House of Lords on Tuesday, 7 October 2008.
It occurred during Debate on bills on Pensions Bill.
About this proceeding contribution
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704 c137 Session
2007-08Chamber / Committee
House of Lords chamberSubjects
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