Moved by
Viscount Younger of Leckie
123: Clause 92, page 66, line 6, at end insert—
““continuous period of service”, in relation to an employment or office, means a period of service in that employment or office that does not include a gap in service;”
Member’s explanatory statement
This amendment ensures that “continuous period of service”, which is an expression which, elsewhere in pensions legislation, is defined to include non-continuous periods, is not interpreted in such a way in Part 1 of the Bill.
124: Clause 92, page 67, line 19, at end insert “, or
(b) amounts that a person is required under or by virtue of this Part to pay to the scheme by way of pension contributions;”
Member’s explanatory statement
This amendment ensures that the definition of pension contributions is wide enough to cover contributions that are required to be paid under or by virtue of Part 1.
125: Clause 92, page 67, line 49, at end insert—
““voluntary contributions” means amounts that are paid to a pension scheme by a member of the scheme on a voluntary basis, in accordance with the scheme, for the purpose of securing additional benefits, or securing the earlier payment of benefits, under the scheme;”
Member’s explanatory statement
This amendment generalises the definition of “voluntary contributions” previously contained in clauses 18 and 55 so that it applies throughout Part 1.