UK Parliament / Open data

Superannuation Bill

Proceeding contribution from Lord McKenzie of Luton (Labour) in the House of Lords on Wednesday, 10 November 2010. It occurred during Debate on bills and Committee proceeding on Superannuation Bill.
My Lords, I did not base my argument on the fact that there was comparability with the private sector. We know the history of the scheme—the Minister helpfully recapped on it on Second Reading—and that the prospect of compensation arrangements was an integral part of the terms and conditions, historically. It might be challenged as not necessarily the case now, but what people accepted in terms of salary, pension rights and compensation opportunities was seen as a package that was seen as collectively valuable. I suggest that it is a big step, for the people affected, to move away from that. It is right to do it—we have made that clear and support the Government in seeking to do it—but we think that there ought to be protections around it so that Parliament has a role and an opportunity to take a view on whether the process that should be undertaken, in a sense, to justify giving up unanimity is robust.
Type
Proceeding contribution
Reference
722 c40GC 
Session
2010-12
Chamber / Committee
House of Lords Grand Committee
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