Early day motion tabled by primary sponsor Jonathan Edwards (Plaid Cymru), on Thursday, 8 February 2018, in the House of Commons. It is signed by 16 members in total.

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ASW STEELWORKERS' PENSIONS

That this House notes the promise made to the ASW steelworkers to guarantee compensation for pensions that were lost at the time their firm went bust; recognises that in decades of work they paid for 100 per cent of their pensions; further notes that in 2007, those workers agreed to accept only 90 per cent of their pension; further recognises that the Government guaranteed that it would deliver to those workers 90 per cent of the pension for which they paid; acknowledges that inflation since 2007 will have wiped out 25 per cent of the value of a pension issued in 2007; is concerned that the Government has now refused to grant the ASW pensions inflation protected pensions, thereby breaching the guarantee of 90 per cent of a pension, the whole of which should have been theirs in the first place.

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Secondary information

Type

Early day motion

Reference

927 

Session

2017-19

Other sponsors

Kelvin Hopkins

Jim Cunningham

Hywel Williams

Liz Saville Roberts

Ben Lake

Subjects

Workplace pensions ASW

Link

View this Early day motion on www.parliament.uk