New Clause 19

Part of Pensions Bill – in a Public Bill Committee at 1:15 pm on 21st February 2008.

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Defined benefit schemes: amendment of rules

‘The Secretary of State shall lay regulations prescribing circumstances in which a statutory override can be applied that enables scheme rules to be amended to reflect the Pensions Act 2004 changes to the indexation cap for service going forward and for the change in the revaluation cap introduced under section 79.’.—[Mr. Waterson.]