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.
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.
Type
Proceeding contribution
Reference
722 c40GC 
Session
2010-12
Chamber / Committee
House of Lords Grand Committee
Subjects
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Timestamp
2023-12-15 20:44:04 +0000
URI
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