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Proceeding contribution from Lord Hutton of Furness (Labour) in the House of Commons on Tuesday, 16 January 2007. It occurred during Debate on bill on Pensions Bill.


Pensions Bill

My hon. Friend is right, but she will also be aware that Lord Turner and the pension commissioners have welcomed the Government’s proposals for taking the commission’s conclusions forward. We have always made the point—and it is particularly incumbent on those who hold ministerial office—that it is important to make it clear to our electorate that we will carry out the reforms when we believe them to be affordable. That is rightly a judgment for the Government and Ministers to make. It should be challengeable, as it is in the House and elsewhere, but we believe that we are taking a prudent and sensible course of action. I do not believe that restoring the earnings link in 2012 will materially affect any of the calculations or assumptions that underpin the Turner report, particularly in respect of those who are most likely to benefit from the reforms.


Secondary information

Type
Proceeding contribution
Reference
455 c661 
Session
2006-07
Chamber / Committee
House of Commons chamber
Subjects
Child benefit Carers Age Costs Women Employment Eligibility Expenditure Divorce Grandparents Index linking Pension credit Personal savings Low incomes Pay Workplace pensions Poverty Pensions Payments Personal pensions National insurance contributions Part-time employment Means-tested benefits Older workers Married people Low pay Lone parents Overseas residence Social security benefits State retirement pensions Reform Retirement Uprating Life expectancy Labour market Personal Accounts Delivery Authority State second pension
Legislation
Pensions Bill 2006-07
Link
View this Proceeding contribution on www.publications.parliament.uk