S.C.B.

Amendment Paper as at
Tuesday 30th March 2004

STANDING COMMITTEE B

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New Amendments handed in are marked thus *

PENSIONS BILL

NOTE

The Amendments have been arranged in accordance with the Order of the Committee [16th March 2004].

   

Malcolm Wicks

467

Clause     121,     page     76,     line     24,     at end insert—

    '(2A)   Where the Board makes a determination for the purposes of subsection (2), it must issue a determination notice and give a copy of that notice to—

(a)	the trustees or managers of the scheme, and

(b)	the Regulator.

    (2B)   In subsection (2A) "determination notice" means a notice which is in the prescribed form and contains such information about the determination as may be prescribed.'.

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Malcolm Wicks

468

Clause     122,     page     77,     line     4,     leave out 'or 121' and insert', 121 or [duty to assume responsibility for closed schemes]'.

   

Malcolm Wicks

469

Clause     122,     page     77,     line     7,     at end insert—

    '(3A)   In a case to which section [duty to assume responsibility for closed schemes] applies, a transfer notice may not be given until the valuation obtained under subsection (3) of that section is binding.'.

   

Mr David Willetts
Mr Nigel Waterson
Mr George Osborne
Mr Peter Atkinson
Gregory Barker
Mr David Ruffley

263

Clause     122,     page     77,     line     9,     after 'Regulator', insert—

'( )	recognised trade unions and organisations representing the pensioner members of the scheme.'.

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Mr David Willetts
Mr Nigel Waterson
Mr George Osborne
Mr Peter Atkinson
Gregory Barker
Mr David Ruffley

363

Clause     123,     page     77,     line     24,     after 'time', insert 'other than obligations to make restitution to the Board for wilful default prior to the Board assuming responsibility'.

   

Mr David Willetts
Mr Nigel Waterson
Mr George Osborne
Mr Peter Atkinson
Gregory Barker
Mr David Ruffley

Mr Andrew Rosindell

411

Clause     123,     page     77,     line     42,     at end insert—

    '(7)   The trustees or managers of such a scheme shall be discharged from any further liabilities of whatsoever nature; and they will in addition receive an indemnity and hold harmless agreement from the Board.'.

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Mr David Willetts
Mr Nigel Waterson
Mr George Osborne
Mr Peter Atkinson
Gregory Barker
Mr David Ruffley

413

Schedule     6,     page     191,     line     40,     at end insert—

    '2A   Any claims for unfair dismissal or other breach of a contract of employment arising therefrom are payable in full by the Board.'

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Mr David Willetts
Mr Nigel Waterson
Mr George Osborne
Mr Peter Atkinson
Gregory Barker
Mr David Ruffley

355

Schedule     7,     page     193,     line     11,     leave out from 'means' to end of line 13 and insert '90%'.

   

John Robertson
Mr Bill Tynan

417

Schedule     7,     page     193,     line     11,     leave out from 'means' to '100%' in line 13.

   

Malcolm Wicks

476

Schedule     7,     page     193,     line     19,     leave out from 'if,' to end of line 23 and insert 'paragraph 32(3A) applies.'.

   

Mr David Willetts
Mr Nigel Waterson
Mr George Osborne
Mr Peter Atkinson
Gregory Barker
Mr David Ruffley

356

Schedule     7,     page     193,     line     24,     leave out sub-paragraph (7).

   

Mr David Willetts
Mr Nigel Waterson
Mr George Osborne
Mr Peter Atkinson
Gregory Barker
Mr David Ruffley

357

Schedule     7,     page     193,     line     31,     at end insert—

    '(7A)   The Board shall have the power to review any early retirements that have taken place in the three years prior to the Pension Protection Fund assuming responsibility for that scheme and to make retrospective adjustments if it appears that inappropriate early retirements have taken place that have caused unfair advantage to certain scheme members.'.

   

John Robertson
Mr Bill Tynan

421

Schedule     7,     page     194,     line     7,     leave out 'half' and insert 'the same proportion of'.

   

John Robertson
Mr Bill Tynan

422

Schedule     7,     page     194,     line     10,     at end insert 'as the proportion of that pension which would have been payable under the rules of the scheme before the assessment date'.

   

Malcolm Wicks

477

Schedule     7,     page     194,     line     35,     leave out from 'if' to end of line 38 and insert 'paragraph 32(3A) applies.'.

   

John Robertson
Mr Bill Tynan

423

Schedule     7,     page     195,     line     15,     leave out 'half' and insert 'the same proportion of'.

   

John Robertson
Mr Bill Tynan

424

Schedule     7,     page     195,     line     19,     at end insert 'as the proportion of that pension which would have been payable under the rules of the scheme before the assessment date'.

   

John Robertson
Mr Bill Tynan

425

Schedule     7,     page     197,     line     4,     leave out 'half' and insert 'the same proportion of'.

   

John Robertson
Mr Bill Tynan

426

Schedule     7,     page     197,     line     8,     at end insert 'as the proportion of that pension which would have been payable under the rules of the scheme before the assessment date'.

   

Steve Webb
Paul Holmes

406

Schedule     7,     page     197,     line     8,     at end insert—

    '(3A)   Regulations shall provide that such compensation shall, in prescribed circumstances, also be payable to a surviving unmarried partner of the pensioner.'.

   

John Robertson
Mr Bill Tynan

427

Schedule     7,     page     199,     line     39,     leave out 'half' and insert 'the same proportion of'.

   

John Robertson
Mr Bill Tynan

428

Schedule     7,     page     199,     line     42,     after 'died,', insert 'as the proportion of that pension which would have been payable under the rules of the scheme before the assessment date'.

   

John Robertson
Mr Bill Tynan

429

Schedule     7,     page     199,     line     44,     leave out 'half' and insert 'the same proportion of'.

   

John Robertson
Mr Bill Tynan

430

Schedule     7,     page     199,     line     46,     after 'paragraph', insert 'as the proportion of that pension which would have been payable under the rules of the scheme before the assessment date'.

   

Malcolm Wicks

478

Schedule     7,     page     200,     leave out line 11 and insert—

    '(3)   The compensation is a lump sum equal to 90% of the protected amount.

    (3A)   In sub-paragraph (3) "the protected amount" means the aggregate of—'.

   

John Robertson
Mr Bill Tynan

418

Schedule     7,     page     200,     line     11,     leave out '90%' and insert '100%'.

   

Malcolm Wicks

479

Schedule     7,     page     200,     line     41,     leave out '27' and insert '25'.

   

John Robertson
Mr Bill Tynan

419

Schedule     7,     page     201,     line     10,     leave out '90%' and insert '100%'.

   

John Robertson
Mr Bill Tynan

431

Schedule     7,     page     202,     line     30,     leave out 'half' and insert 'the same proportion of'.

   

John Robertson
Mr Bill Tynan

432

Schedule     7,     page     202,     line     33,     at end insert 'as the proportion of that pension which would have been payable under the rules of the scheme before the assessment date'.

   

John Robertson
Mr Bill Tynan

433

Schedule     7,     page     202,     line     35,     leave out 'half' and insert 'the same proportion of'.

   

John Robertson
Mr Bill Tynan

434

Schedule     7,     page     202,     line     37,     after 'paragraph 15', insert 'as the proportion of that pension which would have been payable under the rules of the scheme before the assessment date'.

   

Malcolm Wicks

480

Schedule     7,     page     203,     leave out line 4 and insert—

    '(3)   The compensation is a lump sum equal to 90% of the protected amount.

    (3A)   In sub-paragraph (3) "the protected amount" means the aggregate of—'.

   

John Robertson
Mr Bill Tynan

420

Schedule     7,     page     203,     line     4,     leave out '90%' and insert '100%'.

   

Malcolm Wicks

481

Schedule     7,     page     203,     line     21,     leave out '27' and insert '25'.

   

Mr David Willetts
Mr Nigel Waterson
Mr George Osborne
Mr Peter Atkinson
Gregory Barker
Mr David Ruffley

414

Schedule     7,     page     204,     line     25,     after 'may', insert '(and in the case of children must)'.

   

Malcolm Wicks

482

Schedule     7,     page     204,     line     43,     at end insert—

    '( )   Any reduction required to be made under paragraph 25 (compensation cap) must be made before determining the amount of a person's periodic compensation which may be commuted under this paragraph.'.

Prepared 30 Mar 2004