Session 2012 - 13
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Other Bills before Parliament


 
 

543

 

House of Commons

 
 

Notices of Amendments

 

given on

 

Wednesday 28 November 2012

 

For other Amendment(s) see the following page(s) of Supplement to Votes:

 

541-42

 

Consideration of Bill


 

Public Service Pensions Bill, As Amended

 

Railways Pension Scheme Crown Guarantee

 

John McDonnell

 

Mr David Anderson

 

NC1

 

To move the following Clause:—

 

‘(1)    

The Railways Act 1993 is amended as follows:

 

(2)    

In Schedule 11 (Pensions), after paragraph 11 there is inserted—

 

“11A  (1)  

This paragraph applies if an insolvency event occurs in relation to the

 

employer or former employer of a protected person.

 

      (2)  

Where this paragraph applies the Secretary of State shall become

 

liable to discharge any liabilities in respect of relevant pension rights,

 

to the extent that they are not discharged by the trustees of a new

 

scheme in which the employer was a participating employer.

 

      (3)  

For the purposes of this paragraph—

 

(a)    

“insolvency event” has the meaning set out in section 121 of

 

the Pensions Act 2004;

 

(b)    

“relevant pension rights” means the relevant pension rights

 

referred to in paragraph 6(3) above.

 

11B      

The duty referred to in paragraph 11A also applies if an insolvency

 

event has occurred in relation to the employer or former employer of

 

a protected person on or after 1 October 1994.”.’.

 


 
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Revised 29 November 2012