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Proceeding contribution from Hugh Bayley (Labour) in the House of Commons on Monday, 7 January 2008. It occurred during Debate on bill on Pensions Bill.


Pensions Bill

As a former social security Minister, I am extremely pleased that the Government are moving towards a situation whereby it becomes the norm that employers pay pension contributions, but I worry whether 3 per cent. is enough to provide the sort of security that many people will require in retirement. What percentage of final income would a person on an average income have if the employer made a 3 per cent. contribution and an 8 per cent. contribution was made in total throughout that person's employment?


Secondary information

Type
Proceeding contribution
Reference
470 c57-8 
Session
2007-08
Chamber / Committee
House of Commons chamber
Subjects
Costs Advisory services Women Pension credit Personal income Workplace pensions Poverty Pensions Personal pensions Means-tested benefits Pension funds State retirement pensions Small businesses Reform National employment savings trust scheme
Legislation
Pensions Bill 2007-08
Link
View this Proceeding contribution on www.publications.parliament.uk