Letter dated 15/02/2016 from Baroness Altmann to Lord McKenzie of Luton regarding the State Pension and Occupational Pension Schemes (Miscellaneous Amendments) Regulations 2016 and the Pensions Act 2014 (Consequential and supplementary Amendments) Order 2016 - Grand Committee 8 February 2016. 3 p.

Letter dated 15/02/2016 from Baroness Altmann to Lord McKenzie of Luton regarding the State Pension and Occupational Pension Schemes (Miscellaneous Amendments) Regulations 2016 and the Pensions Act 2014 (Consequential and supplementary Amendments) Order 2016 - Grand Committee 8 February 2016. 3 p.

Lords motions to consider. Agreed to on question.

Lords motions to consider. Agreed to on question.

Lords motion to consider. Agreed to on question.

Lords motion to consider. Agreed to on question.

My Lords, I beg to move that the Grand Committee considers the State Pension and Occupational Pension Schemes (Miscellaneous Amendments) Regulations 2016 and the Pensions Act 2014 (Consequential and Supplementary Amendments) Order 2016. As the regulations and order both make provisions relating to the new state pension, it seems sensible...

My Lords, I beg to move that the Grand Committee considers the State Pension and Occupational Pension Schemes (Miscellaneous Amendments) Regulations 2016 and the Pensions Act 2014 (Consequential and Supplementary Amendments) Order 2016. As the regulations and order both make provisions relating to the new state pension, it seems sensible...

My Lords, I thank the Minister for her introduction of these regulations and the order and note that the two Motions are to be taken en bloc.

The draft Explanatory Memorandum reminds us that this is the second tranche of affirmative legislation which is needed to support the introduction of the...

My Lords, I thank the Minister for her introduction of these regulations and the order and note that the two Motions are to be taken en bloc.

The draft Explanatory Memorandum reminds us that this is the second tranche of affirmative legislation which is needed to support the introduction of the...

My Lords, I am grateful to the noble Lord for his contribution to this technical debate. He has raised several questions, and I will attempt to answer some of them. If he requires further answers, I will of course write to him.

It is indeed the case that the analysis conducted...

My Lords, I am grateful to the noble Lord for his contribution to this technical debate. He has raised several questions, and I will attempt to answer some of them. If he requires further answers, I will of course write to him.

It is indeed the case that the analysis conducted...

I was not suggesting that women were going to lose out. My point was that there is movement towards equalisation with men, although that is some time in the distance—I think that the 2040s has been the calculation.

I was not suggesting that women were going to lose out. My point was that there is movement towards equalisation with men, although that is some time in the distance—I think that the 2040s has been the calculation.

The equalisation between men and women of state pension payments may come in the future but, in the mean time, notwithstanding whether they get slightly less than men—the gender gap will be much narrower—over their lifetime they will get more, because the average woman lives longer than the average man....

The equalisation between men and women of state pension payments may come in the future but, in the mean time, notwithstanding whether they get slightly less than men—the gender gap will be much narrower—over their lifetime they will get more, because the average woman lives longer than the average man....

In relation to the year we are just about to enter—2016-17—is the Minister saying that there will not be extra net revenue in the system that year from the abolition of contracting out?

In relation to the year we are just about to enter—2016-17—is the Minister saying that there will not be extra net revenue in the system that year from the abolition of contracting out?

Of course that is not what I am saying. I am saying that we have to look at the state pension over the long term. National insurance is paid now but it relates to liabilities that will be paid over a long period of time, and Governments, quite rightly, have...

Of course that is not what I am saying. I am saying that we have to look at the state pension over the long term. National insurance is paid now but it relates to liabilities that will be paid over a long period of time, and Governments, quite rightly, have...

Would the Minister mind looking at the record after this and perhaps writing where she has not been able to cover matters this afternoon?

Would the Minister mind looking at the record after this and perhaps writing where she has not been able to cover matters this afternoon?

Yes. As I said, I am more than happy, if there are issues that have not been covered, to write to the noble Lord.

Yes. As I said, I am more than happy, if there are issues that have not been covered, to write to the noble Lord.

Motions to consider. Draft Pensions Act 2014 (Consequential and Supplementary Amendments) Order 2016, agreed to on division (9 to 2). Draft State Pension and Occupational Pension Schemes (Miscellaneous Amendments) Regulations 2016, agreed to on question.

Motions to consider. Draft Pensions Act 2014 (Consequential and Supplementary Amendments) Order 2016, agreed to on division (9 to 2). Draft State Pension and Occupational Pension Schemes (Miscellaneous Amendments) Regulations 2016, agreed to on question.

To ask the Secretary of State for Work and Pensions, how many men aged 65 receive additional state pension after a contracted-out deduction is applied.

To ask the Secretary of State for Work and Pensions, how many men aged 65 receive additional state pension after a contracted-out deduction is applied.

My honourable friend the Minister for Pensions (Steve Webb MP) has made the following Written Ministerial Statement.

Integral to the single-tier reforms is the closure of the State Second Pension. Contracting out of the State Second Pension for Defined Benefit schemes – giving up entitlement in return for a broadly similar...

My honourable friend the Minister for Pensions (Steve Webb MP) has made the following Written Ministerial Statement.

Integral to the single-tier reforms is the closure of the State Second Pension. Contracting out of the State Second Pension for Defined Benefit schemes – giving up entitlement in return for a broadly similar...

I. Abolition of contracting out: statutory override for Protected Persons Regulations: Government response to public consultation. Incl. annexes. 10p. II. Government response to the consultation: abolition of contracting out, statutory override for protected persons regulations: impact assessment. 13p.

I. Abolition of contracting out: statutory override for Protected Persons Regulations: Government response to public consultation. Incl. annexes. 10p. II. Government response to the consultation: abolition of contracting out, statutory override for protected persons regulations: impact assessment. 13p.

Integral to the single-tier reforms is the closure of the state second pension. Contracting out of the state second pension for defined benefit schemes—giving up entitlement in return for a broadly similar occupational pension and payment of lower national insurance (NI) rate for employer and employee—will therefore come to an...

Integral to the single-tier reforms is the closure of the state second pension. Contracting out of the state second pension for defined benefit schemes—giving up entitlement in return for a broadly similar occupational pension and payment of lower national insurance (NI) rate for employer and employee—will therefore come to an...