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Session 2006 - 07
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Other Bills before Parliament

Pensions Bill


 

Pensions Bill

 

[AS AMENDED IN PUBLIC BILL COMMITTEE]

 
 

Contents

Part 1

State pension

Entitlement to Category A and B retirement pensions

1   

Category A and B retirement pensions: single contribution condition

2   

Category B retirement pension: removal of restriction on entitlement

Credits for basic state pension

3   

Contributions credits for relevant parents and carers

Abolition of adult dependency increases

4   

Category A and C retirement pensions: abolition of adult dependency

increases

Up-rating of basic state pension and other benefits

5   

Up-rating of basic pension etc. and standard minimum guarantee by

reference to earnings

6   

Preservation of link with prices in case of other benefits

7   

Removal of link between lower earnings limit and basic pension

8   

Removal of link between lower earnings limit and basic pension: Northern

Ireland

Additional pension: deemed earnings factors

9   

Deemed earnings factors for purposes of additional pension

Additional pension: simplification of accrual rates

10   

Additional pension: removal of accrual band from 2010-11

11   

Additional pension: simplified accrual rates as from flat rate introduction

year

12   

Additional pension: upper accrual point

 

Bill 56                                                                                                 

54/2

 
 

Pensions Bill

ii

 

Increase in state pension age

13   

Increase in pensionable age for men and women

Part 2

Occupational and personal pension schemes

Contracting-out

14   

Conversion of guaranteed minimum pensions

15   

Abolition of contracting-out for defined contribution pension schemes

Dispute resolution

16   

Dispute resolution arrangements

Actuarial guidance

17   

Removal of Secretary of State’s role in approving actuarial guidance

Part 3

Personal Accounts Delivery Authority

18   

Personal Accounts Delivery Authority

19   

Initial function of the Authority

20   

Management of the Authority

21   

Winding up of the Authority

Part 4

General

22   

Orders and regulations

23   

Interpretation

24   

Consequential etc. provision, repeals and revocations

25   

Financial provisions

26   

Northern Ireland

27   

Extent

28   

Commencement

29   

Short title

Schedule 1   —   

State pension: consequential and related amendments

Part 1   —   

Category A and B retirement pensions: single contribution

condition

Part 2   —   

Category B retirement pension: removal of restriction on

entitlement

Part 3   —   

Contributions credits for relevant parents and carers

Part 4   —   

Category A and Category C retirement pensions: abolition of

adult dependency increases

 
 

Pensions Bill

iii

 

Part 5   —   

Up-rating of basic pension etc. and standard minimum

guarantee by reference to earnings

Part 6   —   

Deemed earnings factors for purposes of additional pension

Part 7   —   

Additional pension: simplified accrual rates

Part 8   —   

Increase in pensionable age for men and women

Schedule 2   —   

Additional pension: simplified accrual rates

Part 1   —   

New Schedule 4B to the SSCBA

Part 2   —   

Revaluation of flat rate accrual amount

Part 3   —   

Consequential and related amendments

Schedule 3   —   

Increase in pensionable age for men and women

Schedule 4   —   

Abolition of contracting-out for defined contribution pension

schemes

Part 1   —   

Amendments having effect as from abolition date

Part 2   —   

Further amendments

Part 3   —   

Savings

Schedule 5   —   

Removal of Secretary of State’s role in approving actuarial

guidance

Schedule 6   —   

The Personal Accounts Delivery Authority

Part 1   —   

Members and employees etc.

Part 2   —   

Proceedings etc.

Part 3   —   

Money

Part 4   —   

Supplementary

Schedule 7   —   

Repeals and revocations

Part 1   —   

Category B retirement pension: removal of restriction on

entitlement

Part 2   —   

Category A and C retirement pensions: abolition of adult

dependency increases

Part 3   —   

Removal of link between lower earnings limit and basic

pension

Part 4   —   

Additional pension: simplified accrual rates

Part 5   —   

Abolition of contracting-out for defined contribution pension

schemes: repeals having effect on abolition date

Part 6   —   

Abolition of contracting-out for defined contribution pension

schemes: further repeals

Part 7   —   

Removal of Secretary of State’s role in approving actuarial

guidance

 
 

 
contents continue
 
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Revised 9 February 2007