Clause 90 - Power of Treasury to make scheme for compensation

Public Service Pensions and Judicial Offices Bill [Lords] – in a Public Bill Committee at 1:00 pm on 27 January 2022.

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Photo of Simon Clarke Simon Clarke The Chief Secretary to the Treasury 1:00, 27 January 2022

I beg to move amendment 27, in clause 90, page 72, line 16, at end insert—

“, or

(c) a compensatable loss for the purposes of section (Power to pay compensation) (power to pay compensation under Chapter 3).”

This amendment ensures that the Treasury’s power to make a compensation scheme under clause 91 covers compensation payable in respect of local government schemes.

Photo of Virendra Sharma Virendra Sharma Labour, Ealing, Southall

With this it will be convenient to discuss the following:

Government amendments 28 and 29.

Clause stand part.

Government amendments 30 to 32.

Clause 91 stand part.

Photo of Simon Clarke Simon Clarke The Chief Secretary to the Treasury

Clause 90 allows the Government to make regulations to create a compensation scheme in relation to any compensatable losses incurred by relevant members. Clause 85 provides equivalent powers to the Department of Finance in Northern Ireland. Clause 91 provides powers for the Department of Finance in Northern Ireland to create a compensation scheme to make payments under clauses 23 or 59. The provision is equivalent to that made in clause 84.

The amendments in this group are technical and ensure that the powers to create compensation schemes in clauses 90 and 91 could extend to the local government schemes, if considered necessary or desirable to do so.

Amendment 27 agreed to.

Amendments made: 28, in clause 90, page 72, line 22, at end insert—

‘, or

(c) a member of a local government new scheme within section79(2)(a) who has remediable service that is pensionable service under the scheme.’

This amendment ensures that the Treasury’s power to make a compensation scheme under clause 90 covers compensation payable in respect of local government schemes.

Amendment 29, in clause 90, page 72, line 27, at end insert—

‘(c) in paragraph (c), “local government new scheme” and “remediable service” have the same meaning as in Chapter 3.’—

This amendment ensures that the Treasury’s power to make a compensation scheme under clause 90 covers compensation payable in respect of local government schemes.

Clause 90, as amended, ordered to stand part of the Bill.