M
Member
Speaking in the House of Lords on 23 March 2026
Debate
Pension Schemes BillContribution
Some schemes provide for increases in benefits over and above the GMP for the member with the lower-value GMP to equalise with a comparator opposite-sex GMP. Provisions in the Bill create an unintentional inconsistency of treatment for members of the subset of schemes that provided statutory increases only on post-88 GMPs but also equalised their GMPs by increasing benefits over and above the GMP. I hope noble Lords are with me still. Where GMPs have been equalised in this way, these amendments to the legislation introducing pre-1997 increases ensure consistent treatment between men and women.
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