Pensions Bill

Page 1, line 6, leave out subsection (2)

Page 1, line 17, leave out “35” and insert “30”

Page 2, line 2, at end insert “and it shall not be less than the entitlement to Basic and
State Second Pension as would be established by a person under the previous
system who had 40 qualifying years based on paid or credited earnings level equal
to the Lower Earnings Threshold”

Page 3, line 18, at end insert “plus the state pension benefits from an employee’s
post-commencement qualifying years up to a maximum of nine years”

Page 28, line 33, leave out sub-paragraph (2) and insert—

“( )   The amount to be revalued in accordance with the full rate of the state
pension.”

Page 28, line 36, leave out sub-paragraph (3)

Page 11, line 34, leave out sub-paragraphs (2) to (5)

Page 11, line 44, at end insert—

“( )   a scheme in respect of any of its terms which relate to persons
protected under the terms of the Electricity (Protected Persons)
(England and Wales) Pensions Regulations 1990.”

Page 76, line 25, at end insert—

“Pensions Act 2004 (c. 35)

In section 258 of the Pensions Act 2004 (pension protection on transfer of
employment), in subsection (2)(c), for sub-paragraphs (i) and (ii)
substitute “complies with prescribed requirements”.”

Page 78, line 19, at end insert—

“( )   Where the effect of using the power to increase employee contributions
of the relevant members would be to increase the contributions that the
employer is required to pay, the power may be used to make other
amendments needed to ensure that only the employee contributions are
increased because of the use of the power.

“( )   Where the effect of using the power to alter the future accrual of benefits
for or in respect of the relevant members would be to decrease the
contributions that any members are required to pay, the power may be
used to make other amendments needed to ensure that the contributions
of those members are not decreased because of the use of the power.”

Baroness Turner of Camden gives notice of her intention to oppose the Question that
Clause 25 stand part of the Bill.