Occupational Pensions: Survivor Benefits — Question

Part of the debate – in the House of Lords at 2:38 pm on 13th July 2015.

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Photo of Baroness Altmann Baroness Altmann The Minister of State, Department for Work and Pensions 2:38 pm, 13th July 2015

My Lords, these issues are complex, involving significant sums of money. They would potentially impose significant retrospective costs on pension schemes that are already struggling with large deficits and, if closed, would not have a means of recouping the costs from members in future. It would be very difficult to make newly retrospective changes and difficult to make changes to some schemes but not others. That is why the Government must consider these issues most carefully.