Clause 11 - Extension of preservation of benefit under occupational pension schemes

Part of Pension Schemes Bill – in a Public Bill Committee at 2:00 pm on 28th October 2014.

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As a general rule schemes are required to provide for short service benefits to be computed on the same basis as long service benefit. In cases where this doesn‘t apply benefits are subject to a uniform accrual rule. This amendment ensures collective benefits will not be subject to the uniform accrual requirements—(Steve Webb.)