Clive Jones

Clive Jones

Liberal Democrat — Wokingham

Speaking in the House of Commons on 3 December 2025

Debate

Pension Schemes Bill

Contribution

My constituent David worked for 3M for 31 years, 23 of them pre-1997. His pension payment for service prior to 1997 has not increased since 2008, since when it has lost 40% of its purchasing power. Other constituents have lost more. Another constituent worked for ExxonMobil, which he says gave him written documentation that he would receive annual increases at 80% of RPI. However, since legislation changed in 1995, that has not happened. Those are just two of the 40-plus constituents who have contacted me about the injustice experienced by pensioners whose pension schemes are failing to provide an inflation increase on their service prior to 1997. I know that many more across the country face the same injustice. Their stories are deeply troubling. Rather than enjoying a well-earned retirement, pensioners are left struggling to keep pace with the cost of living, often while their pension scheme is in surplus.

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