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Pension Protection Fund

Work and Pensions written question – answered on 11th March 2009.

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Photo of Gisela Stuart Gisela Stuart Labour, Birmingham, Edgbaston

To ask the Secretary of State for Work and Pensions what assessment he has made of the compatibility with the European Convention on Human Rights of the Pension Protection Fund cap and its provisions relating to reductions for early retirement.

Photo of Rosie Winterton Rosie Winterton Minister of State (Regional Affairs) (Yorkshire and the Humber), Minister of State (Department for Work and Pensions) (Pensions Reform) and Minister (Yorkshire and the Humber)

holding answer 5 March 2009

Our assessment is that the Pension Protection Fund (PPF) cap and its provisions relating to early retirement are consistent with ECHR. It ensures consistent treatment, based on age, relative to the qualifying insolvency event, (the trigger for entry to the PPF). It also ensures that people who take early retirement before the insolvency event are not placed in a more beneficial position than people who stay in employment.

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