Clause 53

Part of Pensions Bill – in a Public Bill Committee at 2:30 pm on 31st January 2008.

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Photo of Nigel Waterson Nigel Waterson Shadow Minister, Work & Pensions 2:30 pm, 31st January 2008

I beg to move amendment No. 28, in clause 53, page 25, line 34, at end insert

‘save that the employers’ contribution shall be fixed at 3 per cent. of the amount of jobholders’ qualifying earnings in any pay reference period.’.

This is a fairly simple amendment, harking back to earlier clauses—which is very much welcomed by employer organisations like the CBI—and clearly sets out a 3 per cent. employer contribution in the Bill. We had a fairly prolonged debate about this issue only the other day, in the context, I think, of a Liberal Democrat attempt to jack that up to 5 per cent. But we managed to defeat that—or at least persuade them of the error of their ways—on the basis that this was all part of the post-Turner settlement, as it were.

It is important that that be in the Bill and I cannot imagine that there can be any controversy about also writing it in to clause 53, which deals with contribution limits. There are other issues regarding what should be in the Bill and we will come to those in later amendments.