Member

203: After Clause 110, insert the following new Clause— “Indexation of pre-1997 pensions(1) The Pensions Act 1995 is amended as follows.(2) In Section 51 (annual increase in rate of pension)—(a) omit subsections (1)(b) and (1)(c)(ii);(b) in subsection (2)—(i) omit “on or after April 1997”;(ii) omit “to payments in respect of employment carried on or after April 1997”;(iii) omit “or, as the case may be, to payments in respect of employment carried on or after April 1997”;(c) in subsection (4ZE), omit “or, as the case may be, to payments in respect of employment carried on or after April 1997”;(d) in subsection (5)(a), omit “6 April 1997 or”;(e) in subsection (8)(a) and (b), omit “at any time on or after 6 April 1997”.” Member’s explanatory statement This new clause would remove references to 6 April 1997 from section 51 of the Pensions Act 1995 in order to require that annual increases to pension payments in line with CPI and RPI apply to pensionable service both before and after 6 April 1997.