Pensions Bill

Page 11, line 38, at end insert—

“( )     The power conferred by subsection (2) on employers to amend
occupational pension schemes does not override the powers and duties of
Trustees of such schemes nor any duty to consult members of such schemes
and their representatives in accordance with the terms of such schemes.”

Page 11, line 40, leave out from “members” to end of line 41 and insert—

“( )     No amendment made to an occupational pension scheme under subsection
(2) or under Schedule 14 shall affect the benefits of members of the
occupational pension scheme accrued up to the point where subsection (2)
is triggered.”