Amendments proposed to the Child Support, Pensions and Social Security Bill, As Amended - continued | House of Commons |
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Age additions
Steve Webb NC8 To move the following Clause:'For section 79 of the Social Security Contributions and Benefits Act 1992 there shall be substituted "79.(1) A person who is above the specified age and who is entitled to a retirement pension of any category shall be entitled to an increase of the pension, to be known as 'age addition'. (2) Where a person is in receipt of a pension or allowance payable by the Secretary of State by virtue of any enactment or instrument (whether passed or made before or after this Act) and
he shall be entitled to an increase of that pension or allowance, also known as age addition. (3) In this section 'specified age' means an age specified by the Secretary of State in regulations. (4) Age addition shall be payable for the life of the person entitled, at weekly rates to be determined by the Secretary of State in regulations. (5) Regulations under this section may
Rate of introduction of state second pension
Steve Webb NC10 To move the following Clause:'.(1) In this section
(2) This section shall apply to any person reaching pensionable age after the end of the first appointed year. (3) In each State Second Pension year in which a person accrues state second pension entitlement, that person may elect to accrue an additional year's entitlement in respect of that year in substitution for their additional pension entitlement in respect of one SERPS year. (4) Such substitution may only take place in respect of SERPS years in which that person either paid National Insurance Contributions or was entitled to credits in lieu of National Insurance Contributions. (5) The Benefits Agency shall be required to notify any person to whom this section applies of their rights, and shall explain how those rights may be exercised to produce the maximum total entitlement to additional pension.'.
Date of payment of benefit
Steve Webb NC11 To move the following Clause:'.In section 5(1)(k) of the Social Security Administration Act 1992, at the end, there shall be inserted
Enhancement of the state personal pension
Mr David Willetts NC14 To move the following Clause:'.(1) A person shall be entitled to one extra year's accrual of State Second Pension
(2) The accrual to which a person is entitled under subsection (1) above shall be at the Stage 2 flat rate of the State Second Pension.'.
Publicity and the state second pension
Mr David Willetts NC17 To move the following Clause:'.(1) The provisions of Part II of the Act shall not come into force until such time as the Secretary of State shall have published in the London Gazette a statement containing estimates prepared by the Government Actuary's Department detailing the numbers of persons for whom
is likely to be suitable. (2) The statement under subsection (1) above shall be made immediately upon the introduction of Stage 1 of the State Second Pension. (3) The Secretary of State shall, by regulations laid before Parliament on the day this Act receives Royal Assent, provide for the monitoring of stakeholder pensions by the Financial Services Authority and the Government Actuary's Department. (4) The Secretary of State shall, before authorising a move to Stage 2 of the State Second Pension, consult with:
regarding the financial and any other implications of the implementation of Stage 2. (5) The Secretary of State shall, by regulations, set down the manner in which those representatives cited in subsection (4)(c) above shall be selected; and the regulations shall have effect from the day on which this Act receives Royal Assent. (6) The Secretary of State shall lay before Parliament a report of the consultation carried out under subsection (4) above, including but not limited to
Concurrency of pensions, rebates and extra monies
Mr David Willetts NC18 To move the following Clause:'.(1) A person shall be able to hold both a stakeholder pension and an occupational pension concurrently and without financial penalty. (2) Any rebates or extra monies that may be payable to a person, and which are greater for Stage 1 of the State Second Pension than for SERPS, shall be paid into a stakeholder pension.'.
Use of rebates and extra monies
Mr David Willetts NC19 To move the following Clause:'.( ) Where rebates or extra monies are payable they shall be applied as follows
Lynne Jones 67 Page 26 [Clause 30], leave out lines 30 and 31.
Steve Webb 12 Page 26, line 33 [Clause 30], at end insert
Mr David Willetts
65 Page 26, line 46 [Clause 30], leave out 'six' and insert 'twelve'.
Lynne Jones 68 Page 26, line 46 [Clause 30], leave out 'six' and insert 'eleven'.
Mr David Willetts
64 Page 27, line 33 [Clause 30], at end insert'(4A) an employee who is of pensionable age within subsections (2), (3) or (4) above shall be entitled
Mr Secretary Darling 34 Page 93, line 23 [Schedule 4], leave out ', 48B(2) or 48BB(5)' and insert 'or 48B(2)'.
Mr Secretary Darling 35 Page 93, line 35 [Schedule 4], at end insert'(4A) For the purpose of applying sub-paragraph (1) above in the determination of the rate of any additional pension by virtue of section 48BB(5) above, in a case where the deceased spouse died under pensionable age, the divisor used for the purposes of sub-paragraph (1)(c) above shall be whichever is the smaller of the alternative numbers referred to below (instead of the number of relevant years). (4B) The first alternative number is the number of tax years which begin after 5th April 1978 and end before the date when the deceased spouse dies. (4C) The second alternative number is the number of tax years in the period
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