Pensions (Amendment) (No. 3) Bill 2017

Public bill · Private Member · Introduced

A worker’s defined-benefit pension should not be left short just because a company restructures or winds it up while still solvent. This proposal would make any missing money needed to meet the pension scheme’s funding standard a debt the employer must pay to the scheme’s trustees, especially where the employer tries to remove pension liabilities from its accounts. It is meant to protect workers’ retirement savings and stop companies from walking away from promised pension benefits.

Formal long title

Bill entitled an Act to amend the Pensions Act 1990, and to provide for related matters.

Last updated 13 February 2020