Clause 28 - Policy for dealing with a deficit or surplus

Part of Pension Schemes Bill – in a Public Bill Committee at 2:00 pm on 30th October 2014.

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This amendment follows the approach taken in clause 20; it provides that there is a “deficit” in respect of a collective benefit if the probability of the scheme meeting a target in relation to the benefit is below the required range.

Amendment 52, in clause 28, page 12, line 29, leave out

“higher than the required probability”

and insert “above the required range”.—(Steve Webb.)