Orders of the Day — Parliamentary and Other Pensions Bill

Part of the debate – in the House of Commons at 9:22 pm on 27th April 1987.

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Photo of Mr John McWilliam Mr John McWilliam , Blaydon 9:22 pm, 27th April 1987

It might help the hon. Members for Boothferry (Sir P. Bryan) and for Stroud (Sir A. Kershaw) if I tell them that an hon. Member may commute up to one third of his pension as a lump sum when he retires. However, the lump sum is not there as a matter of right and is not built into the scheme.