Proceeding contribution from Mark Hunter (Liberal Democrat) in the House of Commons on Wednesday, 13 January 2010. It occurred during Adjournment debate on IBM Pension Scheme.
IBM Pension Scheme
On that point, it is not just the over-50s who are affected. Several people in my constituency are affected, and I would like to quote briefly from an e-mail I received from one gentleman:""As I will not be 50 by next April, I have no option to take early retirement now and avoid the worst impact of these changes from April 2011. My biggest concerns are therefore that…IBM is not only closing its Direct Benefit pension plan, as are many other UK companies, it is also taking the more dramatic step of massively increasing the penalties for early retirement"," a point to which my hon. Friend has referred. My constituent continued:""This will have a devastating impact on my future pension"," as it will for people like him. Does she agree that that is a shabby way to treat loyal and dedicated employees?
Secondary information
- Type
- Proceeding contribution
- Reference
- 503 c302WH
- Session
- 2009-10
- Chamber / Committee
- Westminster Hall
- Subjects
- Workplace pensions Monitoring Regulation IBM
- Link
- View this Proceeding contribution on www.publications.parliament.uk
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- 2023-12-05 22:08:29 +0000
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