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| Thursday 16 September 2010 |
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| [third and fourth Sittings]
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| Clause 1, page 1, leave out lines 7 to 10 and insert— |
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| | ‘(a) | in the case of a person earning more than £30,000 per year, an amount |
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| | equal to that person’s pensionable earnings for 24 months; |
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| | (b) | in the case of a person earning between £20,000 and £30,000 per year, an |
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| | amount either equal to that person’s pensionable earnings for 36 months, |
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| | or £60,000, whichever figure is lower; |
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| | (c) | in the case of a person earning less than £20,000 per year, an amount |
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| | equal to that person’s pensionable earnings for 36 months.’. |
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| Clause 1, page 2, line 3, at end insert— |
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| | ‘(4A) | Where a person is at least 50 with a minimum of 5 years’ service at the time of |
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| | this Bill coming into force a person in that case will be entitled to receive a |
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| | compensation benefit sufficient to buy out the actuarial reduction on their earned |
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| | pension under section 1 of the Superannuation Act 1972.’. |
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| Clause 1, page 2, line 4, leave out subsections (5) and (6). |
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| | Clause Agreed to on division. |
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| Clause 2, page 3, line 14, at end insert— |
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| | ‘(2A) | Section 1 shall not come into force until the Minister has laid a report of |
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| | consultations that have taken place with the workforce and their representative |
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| | trade unions under section 2(3) of the Superannuation Act 1972, and the House |
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| | of Commons has come to a Resolution on a Motion in the name of a Minister of |
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| | the Crown approving the report.’. |
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| Clause 2, page 3, leave out lines 20 to 27. |
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| | Clause Agreed to on division. |
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| | That certain written evidence already reported to the House be appended to the |
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| | proceedings of the Committee. |
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| | Bill to be reported, without amendment. |
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