OCCUPATIONAL PENSIONS

Motion Text

That this House acknowledges the frustration felt by more than 125,000 people who lost their occupational pensions between 1997 and 2005; notes with dismay that the compensation they receive through the Financial Assistance Scheme declines in real value every year and is far less than the promised 90 per cent. of accruement; and believes that the Government should fulfil its obligation to correct this injustice by increasing the Financial Assistance Scheme Cap and indexing pre-1997 pension compensation by inflation.