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Pensions Bill (HL Bill 37)

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EXPLANATORY NOTES

Explanatory notes to the Bill, prepared by the Department for Work and Pensions, are

published separately as HL Bill 37—EN.

EUROPEAN CONVENTION ON HUMAN RIGHTS

Lord Freud has made the following statement under section 19(1)(a) of the Human

Rights Act 1998:

In my view the provisions of the Pensions Bill [HL] are compatible with the

Convention rights.

Contents

  1. Part 1

    State pension

    1. 1. Equalisation of and increase in pensionable age for men and women

    2. 2. Abolition of certain additions to the state pension

    3. 3. Consolidation of additional pension

  2. Part 2

    Automatic enrolment

    1. 4. Automatic re-enrolment where employer interrupts scheme membership

    2. 5. Earnings trigger for automatic enrolment and re-enrolment

    3. 6. Postponement or disapplication of automatic enrolment

    4. 7. Timing of automatic re-enrolment

    5. 8. Review of earnings trigger and qualifying earnings band

    6. 9. Rounded figures for earnings trigger and qualifying earnings band

    7. 10. Certification that alternative to quality requirement is satisfied

    8. 11. Transitional period for defined benefits and hybrid schemes to be optional

    9. 12. Power of managers to modify by resolution

    10. 13. No indemnification for civil penalties

  3. Part 3

    Occupational pension schemes

    1. Indexation and revaluation

      1. 14. Indexation and revaluation

      2. 15. Pension compensation: annual increases in periodic compensation

      3. 16. Indexation requirements for cash balance benefits

    2. Pension Protection Fund

      1. 17. Pension Protection Fund

    3. Financial assistance scheme

      1. 18. Financial assistance scheme: amount of payments

      2. 19. Financial assistance scheme: transfer of assets

    4. Miscellaneous

      1. 20. Payment of surplus to employer: transitional power to amend scheme

      2. 21. Contribution notices and financial support directions

      3. 22. Technical amendment to Schedule 4 to the Pensions Act 2007

      4. 23. Technical amendment to section 42(6) of the Pension Schemes Act 1993

  4. Part 4

    Judicial pensions

    1. 24. Contributions towards cost of judicial pensions etc

  5. Part 5

    Miscellaneous and general

    1. Miscellaneous

      1. 25. Grants by the Secretary of State to advisory bodies etc

      2. 26. Service of documents and electronic working

    2. General

      1. 27. Extent

      2. 28. Commencement

      3. 29. Short title

    1. Schedule 1

      Equalisation of and increase in pensionable age for men and

      women: consequential amendments

    2. Schedule 2

      Abolition of certain additions to the state pension:

      consequential amendments etc

    3. Schedule 3

      Consolidation of additional pension

    4. Schedule 4

      Pension Protection Fund

    5. Schedule 5

      Contributions towards cost of judicial pensions etc

      1. Part 1

        Contributions towards cost of judicial pensions

      2. Part 2

        Minor amendments relating to judicial pensions

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