Pensions Bill

Part of the debate – in the House of Lords at 5:06 pm on 27 October 2008.

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Photo of Lord McKenzie of Luton Lord McKenzie of Luton Parliamentary Under-Secretary, Department for Work and Pensions, Parliamentary Under-Secretary (Department for Work and Pensions) (also in the Department for Communities and Local Government) 5:06, 27 October 2008

moved Amendment No. 71:

Clause 100, page 53, leave out lines 7 to 15 and insert—

"(5) The Secretary of State must require the Government Actuary or Deputy Government Actuary ("the Actuary") to prepare a report on how actuarial equivalence should be determined for the purposes of this section.

(5A) In preparing the report the Actuary must consult such persons as appear to the Actuary to be appropriate.

(5B) The Secretary of State must lay the report before Parliament.

(5C) Having considered the report, the Secretary of State must by regulations make provision for determining actuarial equivalence for the purposes of this section.

(5D) If any recommendation in the report is not followed in the regulations, the Secretary of State must prepare and lay before Parliament a report explaining why."