Proceeding contribution from Baroness Turner of Camden (Labour) in the House of Lords on Thursday, 17 November 2005. It occurred during Debate on Pensions.
Pensions
My Lords, before the noble Lord sits down, is he not aware that in the private sector, many firms have adopted a very similar policy? They terminate their final salary schemes for newcomers while honouring the contracts for people who are already in employment. Final salary schemes have been phased out or discontinued for newcomers, but the present staff keep their contracts. It is a very similar situation.
Secondary information
- Type
- Proceeding contribution
- Reference
- 675 c1234
- Session
- 2005-06
- Chamber / Committee
- House of Lords chamber
- Subjects
- Age Civil servants Women Forecasts NHS Pension credit Personal income Pensioners Pensions Public sector State retirement pensions Taxation Retirement Pensions Commission
- Link
- View this Proceeding contribution on www.publications.parliament.uk
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- 2024-01-26 18:32:56 +0000
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- http://data.parliament.uk/pimsdata/hansard/CONTRIBUTION_277212
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