| Pensions Bill, As Amended - continued | House of Commons |
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Lower earnings limit Mr David Laws
NC19 To move the following Clause:— ‘The Secretary of State shall, bring forward proposals, no later than 1st December 2007, to enable people with cumulative earnings from more than one source that exceed the lower earnings limit to accrue entitlement to the Basic State Pension.’. Report on tax relief on pensions Mr David Laws
NC20 To move the following Clause:— ‘The Secretary of State shall, no later than 1st April 2008, prepare and publish a report on tax relief on pension contributions, namely— (a) the annual cost to the Treasury of those reliefs, including projections for the following five tax years; (b) the extent to which the existing tax relief on pensions is— (i) economic, (ii) properly focussed, and (iii) comprehensible; (c) the costs and benefits of existing pensions tax relief for each income decile; and (d) plans to reform tax relief to meet the criteria of fairness, incentivising saving and affordability.’. Parliamentary Ombudsman’s Report and occupational pensions compensation Mr David Laws
NC21 To move the following Clause:— ‘The Secretary of State shall, no later than 1st April 2008, publish a single report setting out— (a) the Government’s response to— (i) the Parliamentary Ombudsman’s 6th Report of Session 2005-06, “Trusting in the pensions promise: government bodies and the security of final salary occupational pensions” (HC984); (ii) the Sixth Report from the Select Committee on Public Administration, Session 2005-06 “The Ombudsman in Question: the Ombudsman’s report on pensions and its constitutional implications” (HC 1081); (iii) the ruling of the European Court of Justice in the case C-278/05, Carol Marilyn Robins and Others versus the Secretary of State for Work and Pensions; (iv) the judicial review of the Government’s response to the Ombudsman’s Report referred to in sub-paragraph (i); (b) estimates of the cost of extending the provisions of the Pension Protection Fund benefits to all potential Financial Assistance Scheme members including those excluded for reasons of age, taking account of the net costs after the impact of tax revenues and means tested benefits; and (c) plans to pay fair compensation to those who have lost their occupational pensions.’. Compliance with recommendations of the Parliamentary Ombudsman Mr Nigel Waterson
NC22 To move the following Clause:— ‘The Secretary of State shall, within three months of this Act coming into force, report to both Houses of Parliament on how he proposes to comply fully with the recommendations contained in the Parliamentary Ombudsman’s 6th Report of Session 2005-06, “Trusting in the pensions promise: government bodies and the security of final salary occupational pensions” (HC984).’. Mr David Laws
9 Page 7, line 7 [Clause 5], leave out from ‘the relevant dissolution date’ and insert ‘6th April 2013’. Mr David Laws
Mr Austin Mitchell Mrs Linda Riordan Mrs Ann Cryer 10 Page 7, line 8 [Clause 5], leave out subsection (6). John McDonnell
11 Page 7, line 14 [Clause 5], at end insert— ‘(8) The first draft order laid under section 150 of the Administration Act after this Act is passed shall provide for the weekly rate of the basic pension (the first amount specified in section 44(4) of the SSCBA) to be increased to an amount not less than the standard minimum guarantee for the time being prescribed under section 2(4) and (5)(b) of the State Pension Credit Act 2002.’. John McDonnell
12 Page 14, line 33 [Clause 13], at end insert— ‘(4) Each of the increases in the pensionable age set out in Schedule 3 shall take effect only if it appears to the Secretary of State that: (a) by 2024 the average male like expectancy for the poorest decile is 76 or above; (b) by 2034 the average male like expectancy for the poorest decile is 77 or above; and (c) by 2044 the average male life expectancy for the poorest decile is 78 or above.’. John McDonnell
13 Page 14, line 33 [Clause 13], at end insert— ‘(4) Each of the increases in the pensionable age set out in Schedule 3 shall take effect only if approved by resolution of each House of Parliament in the year preceding that in which the increase is to take effect.’. |
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| © Parliamentary copyright 2007 | Prepared: 9 February 2007 |