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Proceeding contribution from Alan Simpson (Labour) in the House of Commons on Tuesday, 17 July 2007. It occurred during Debate on bill on Pensions Bill.


Pensions Bill

I am a huge admirer of my right hon. Friend, but he sometimes steals my final lines. This is kind of difficult, because that was going to be my concluding point. Were Members of this House to be told that, despite our contributions to our final salary scheme pensions, we were not going to receive the full entitlement that existed on paper, and that we ourselves were to be ““FAS-ed””, our response would be unprintable. We would struggle to find a place to sit in the Chamber for such a debate, the Division Lobby would be crowded and we would vote to ensure that what had been promised to us, and what we had paid into, would be delivered. This is the issue that we have to address for ourselves. If that kind of approach is good enough for us, it has to be good enough for the pensioners outside Parliament who have been lobbying us for goodness knows how many years. Throughout their entire working lives, they have been honest contributors to what they believed were honest schemes.


Secondary information

Type
Proceeding contribution
Reference
463 c222 
Session
2006-07
Chamber / Committee
House of Commons chamber
Subjects
Company liquidations Assets Bank services Annuities Insolvency Financial assistance scheme Personal savings Low incomes Pensions Personal pensions Pension funds Pension Protection Fund State retirement pensions
Legislation
Pensions Bill 2006-07
Link
View this Proceeding contribution on www.publications.parliament.uk