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| | given up to and including |
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| | Public Service Pensions Bill, As Amended
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| | | Railways Pension Scheme Crown Guarantee |
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| | To move the following Clause:— |
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| | | ‘(1) | The Railways Act 1993 is amended as follows: |
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| | | (2) | In Schedule 11 (Pensions), after paragraph 11 there is inserted— |
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| | | “11A (1) | This paragraph applies if an insolvency event occurs in relation to the |
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| | | employer or former employer of a protected person. |
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| | | (2) | Where this paragraph applies the Secretary of State shall become |
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| | | liable to discharge any liabilities in respect of relevant pension rights, |
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| | | to the extent that they are not discharged by the trustees of a new |
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| | | scheme in which the employer was a participating employer. |
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| | | (3) | For the purposes of this paragraph— |
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| | | (a) | “insolvency event” has the meaning set out in section 121 of |
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| | | (b) | “relevant pension rights” means the relevant pension rights |
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| | | referred to in paragraph 6(3) above. |
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| | | 11B | The duty referred to in paragraph 11A also applies if an insolvency |
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| | | event has occurred in relation to the employer or former employer of |
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| | | a protected person on or after 1 October 1994.”.’. |
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| | To move the following Clause:— |
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| | | ‘(1) | Scheme regulations for a scheme under section 1 shall provide for the provision |
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| | | of annual benefit statements to all members of the scheme. |
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| | | (2) | Benefit statements under subsection 1 shall show the following information— |
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| | | (a) | the member’s pension benefits earned to date; |
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| | | (b) | the projected annual pension and lump sum payments if the member |
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| | | retires at his normal pension age; and |
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| | | (c) | the member’s and employer’s current contribution rates.’. |
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| | To move the following Clause:— |
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| | | ‘A member of a public service pension scheme is entitled to remain an active |
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| | | member of that scheme following— |
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| | | (a) | the compulsory transfer of his contract of employment to an independent |
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| | | (b) | any subsequent compulsory transfer of his contract of employment.’. |
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| | Page 2, line 16 [Clause 3], at end insert— |
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| | | ‘(3A) | Scheme regulations shall not make any provision which would have the effect of |
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| | | reducing the amount of any pension, allowance or gratuity, insofar as that amount |
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| | | is directly or indirectly referable to rights which have accrued (whether by virtue |
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| | | of service rendered, contributions paid or any other thing done) before the coming |
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| | | into operation of the scheme, unless the persons specified in subsection (3B) have |
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| | | agreed to the inclusion of that provision. |
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| | | (3B) | The persons referred to in subsection (3A) are the persons or representatives of |
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| | | the persons who appear to the responsible authority to be likely to be affected by |
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| | | the regulations if they were made.’. |
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| | Page 2, line 25 [Clause 3], at end insert— |
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| | | ‘(5A) | This Act shall not apply to scheme regulations relating to local government |
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| | | workers in Scotland unless the Scottish Parliament approves its application.’. |
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| | Page 4, line 29 [Clause 7], at end insert— |
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| | | ‘(3A) | A scheme under section 1 which replaces a final salary scheme may only be |
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| | | established as a career average revalued earnings scheme or a defined benefits |
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| | | scheme of such other description as Treasury regulations may specify.’. |
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| | Page 5, line 21 [Clause 9], after ‘age’, insert ‘or deferred pension age’. |
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| Page 5, line 21 [Clause 9], after ‘section 1’, insert ‘(other than a Scottish scheme)’. |
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| | Page 5 [Clause 9], leave out lines 22 and 23 and insert ‘65, or current pension scheme |
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| | Page 5, line 27 [Clause 9], at end insert— |
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| | | ‘(d) | prison officers and psychiatric nurses.’. |
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| | Page 5, line 28 [Clause 9], after ‘age’, insert ‘or deferred pension age’. |
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| | | Page 5, line 28 [Clause 9], after ‘section 1’, insert ‘(other than a Scottish scheme)’. |
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| | Page 5, line 28 [Clause 9], leave out ‘must be 60’ and insert ‘shall be set out in |
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| | scheme regulations but must be no more than 60’. |
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| | Page 5, line 29 [Clause 9], at end insert— |
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| | | ‘(2A) | Subsections (1) and (2) shall not apply in relation to any category of public |
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| | | service worker as the Secretary of State may by order specify following the |
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| | | publication of a scheme specific capability review.’. |
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| | Page 5, line 30 [Clause 9], leave out subsection (3). |
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| | | Page 5, line 30 [Clause 9], after ‘section 1’, insert ‘(other than a Scottish scheme)’. |
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| | Page 5, line 41 [Clause 9], at end insert— |
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| | | ‘(4A) | A person’s normal or deferred pension age under a scheme under section 1 will |
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| | | not change by operation of this section unless at least 10 years’ notice of the |
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| | Page 6, line 27 [Clause 10], at end insert ‘to be agreed with employee |
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| | Page 7, line 3 [Clause 11], at end insert— |
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| | | ‘(3A) | Treasury directions under subsection (3) shall only be made following a period of |
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| | | consultation with the persons or representatives of the persons who appear to the |
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| | | Treasury to be likely to be affected by the employer cost cap.’. |
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| | Page 8, line 9 [Clause 12], after ‘scheme manager’, insert ‘and employee |
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| | Page 9, line 36 [Clause 16], leave out subsection (1) and insert— |
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| | | ‘(1) | New scheme regulations made under section 1 and 3 shall replace existing |
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| | | schemes’ current regulations and shall take effect on the amendment date. |
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| | | (1A) | Following the implementation of new scheme regulations under subsection (1), |
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| | | benefits shall only be provided in accordance with those new regulations.’. |
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| | Page 10, line 5 [Clause 16], leave out ‘closing’ and insert ‘amendment’. |
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| | Page 10, line 6 [Clause 16], leave out ‘1 April’ and insert ‘2 April’. |
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| | | Page 10, line 7 [Clause 16], after ‘scheme,’, insert— |
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| | | ‘(aa) | 1 April 2016 for a Scottish scheme,’. |
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| | Page 10, line 8 [Clause 16], leave out ‘5 April’ and insert ‘6 April’. |
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| | Page 10, line 10 [Clause 16], leave out ‘(1)’ and insert ‘(1A)’. |
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| | Page 10, line 21 [Clause 16], leave out ‘(1)’ and insert ‘(1A)’. |
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| | Page 10, line 23 [Clause 16], leave out ‘closing’ and insert ‘amendment’. |
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| | Page 10, line 27 [Clause 16], at end insert ‘regulations’. |
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| | Page 10, line 28 [Clause 16], leave out ‘(1)’ and insert ‘(1A)’. |
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| | Page 10, line 28 [Clause 16], leave out from ‘benefits’ to ‘includes’. |
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| | Mr Chancellor of the Exchequer |
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| | | Page 11, line 3 [Clause 18], at end insert ‘(and see section 28(14))’. |
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| | Page 11, line 8 [Clause 19], at end insert ‘with a view to reaching agreement’. |
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| | | Page 11, line 24 [Clause 20], leave out from ‘—’ to ‘(b)’ in line 27 and insert ‘reach |
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| | an agreement through consultation with the persons specified in subsection (3), and’. |
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| | Page 15, line 12 [Clause 28], leave out ‘may’ and insert ‘must’. |
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| | Page 15, line 12 [Clause 28], after ‘new’, insert ‘defined benefit’. |
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| | Mr Chancellor of the Exchequer |
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| | | Page 18, line 28 [Clause 33], after ‘person’s’ insert ‘pensionable’. |
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| | Mr Chancellor of the Exchequer |
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| | | Page 18, line 29 [Clause 33], after ‘representative’ insert ‘pensionable’. |
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| | | Page 19, line 25 [Clause 33], at end insert— |
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| | | ‘“Scottish scheme” means a scheme for the payment of pensions to persons |
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| | | specified in paragraphs (c) to (g) of section 1(2) in respect of service in |
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| | Mr Chancellor of the Exchequer |
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| | | Page 41, line 17 [Schedule 5], at end insert— |
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