Clause 12

Part of Pensions Bill – in a Public Bill Committee at 1:45 pm on 24th January 2008.

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Photo of Nicholas Winterton Nicholas Winterton Conservative, Macclesfield 1:45 pm, 24th January 2008

With this it will be convenient to discuss the following amendments: No. 86, in clause 12, page 6, line 15, leave out from first ‘in’ to end of line 16 and insert ‘the value of the amounts in—

(a) section 11(1)(a) are to be assessed in a way that the Secretary of State finds appropriate and which has been approved by resolution of both Houses of Parliament; and

(b) section 11(1)(b) are to be in line with earnings’.

No. 21, in clause 12, page 6, line 17, leave out ‘may in particular’ and insert ‘shall’.

No. 73, in clause 12, page 6, line 17, leave out subsection (3).

No. 74, in clause 12, page 6, line 21, leave out subsection (4).

No. 75, in clause 12, page 6, line 24, at end add—

‘(4A) If the average earnings index (including bonuses) for the whole economy for September of a year is higher than the index for the previous September, the Secretary of State shall as soon as practicable make an order in relation to each amount mentioned in section 11(1)(a) and (b), increasing each amount, if the new index is higher, by the same percentage as the amount of the increase of the index.’.