Pensions Bill

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Mr. Pond: I beg to move amendment No. 382, in

    clause 120, page 75, line 36, after 'quotation' '' insert

    ', in relation to a scheme,'.

The Chairman: With this it will be convenient to discuss the following:

Government amendments Nos. 383, 384 and 386 to 388.

Mr. Waterson: May I make a point that is not about these amendments as such? I appreciate that we may be running ahead of ourselves slightly. I lay no blame anywhere for that, but may I repeat our informal agreement that we should get some notes about new Government amendments so that we can prepare ourselves in advance? As I say, I do not think that it is

Column Number: 468

anybody's fault that that has not happenedówe have suddenly put on a turn of speedóbut if we can ensure that we have notes soon for the Government amendments that will come up next Tuesday, that would be helpful.

Mr. Pond: We certainly note that point, and will do whatever we can.

Amendment agreed to.

Amendments made: No. 465, in

    clause 120, page 75, line 40, after 'scheme', insert 'from the reconsideration date'.

No. 383, in

    clause 120, page 75, line 46, leave out from 'member's' to 'rights' in line 47 and insert

    'entitlement or accrued rights (including pension credit rights within the meaning of section 124(1) of the Pensions Act 1995 (c.26)) under the scheme rules (other than his entitlement or'.

No. 466, in

    clause 120, page 75, line 48, leave out from 'benefits),' to end of line 2 on page 76 and insert

    'whichever benefits can, in the case of that member, be secured at the lower cost.'.

No. 384, in

    clause 120, page 76, line 2, at end insertó

    ' ''scheme rules'', in relation to a scheme, meansó

    (a) the rules of the scheme, except so far as section 129 of the Pension Schemes Act 1993 (c.48), section 117 of the Pensions Act 1995 (c.26) or section 230 of this Act overrides them,

    (b) any provision of any of those Acts which overrides or modifies any of the rules of the scheme by virtue of one of the provisions mentioned in paragraph (a), and

    (c) any provision which the rules of the scheme do not contain but which the scheme must contain if it is to conform with the requirements of Chapter 1 of Part 4 of the Pension Schemes Act 1993 (preservation of benefit under occupational pension schemes).'ó[Mr. Pond.]

Clause 120, as amended, ordered to stand part of the Bill.

Further consideration adjourned.ó[Margaret Moran.]

Adjourned accordingly at fourteen minutes past Four o'clock till Tuesday 30 March at half-past Nine o'clock.

The following Members attended the Committee:
Cran, Mr. James (Chairman)
Baird, Vera
Barker, Gregory
Brennan, Kevin
Cairns, David
Cunningham, Mr. Jim
Dean, Mrs.
Holmes, Paul
Khabra, Mr.
MacDougall, Mr.
Moran, Margaret
Osborne, Mr. George
Pond, Mr.
Robertson, John
Rosindell, Mr.
Tynan, Mr.
Waterson, Mr.
Wicks, Malcolm

Liam Laurence Smyth, Sarah Hartwell, Committee Clerks

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