Public Bill Committee: 21st February 2008

373

Pensions Bill, continued

(3)	the proceedings on consideration of the Bill in Committee shall be taken in

the following order: Clauses 1 to 57; Schedule 1; Clauses 58 to 79; Schedule

2; Clause 80; Schedule 3; Clauses 81 to 90; Schedule 4; Clauses 91 to 94;

Schedule 5; Clauses 95 and 96, Schedule 6; Clauses 97 and 98; Schedule 7;

Clauses 99 to 108; Schedule 8; Clauses 109 to 111; new Clauses; new

Schedules; remaining proceedings on the Bill;

(4)	the proceedings shall (so far as not previously concluded) be brought to a

conclusion at 7.00 p.m. on Tuesday 26th February.

NOTICES WITHDRAWN

The following Notices have been withdrawn:

Pension compensation for early retirees

Miss Julie Kirkbride

NC16

To move the following Clause:—

‘The Secretary of State shall have power by regulation to require the Board of the

Pension Protection Fund to provide PPF compensation on the following terms—

(1)	eligible persons who took early retirement before April 2005 shall be treated as if

the date of their early retirement was their normal retirement date; and

(2)	an upper limit shall be placed on eligible earnings for eligible persons who have

reached their normal retirement age at a level that will compensate for any costs

incurred under subsection (1).’.

Member’s explanatory statement

This amendment seeks to remedy the present situation where pre-2005 early retirees face a large

cut in pension provision as they take a further reduction for being below the NRA and the

introduction of a cap. They receive little indexation as most of their pensions were earned before

April 1997.

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Revised 21 February 2008