Integrated Pensions

EDM number 1374 in 1997-98, proposed by Kerry Pollard on 01/06/1998.

That this House believes that the practice of integrating occupational pensions with the state pension, also known as clawback, which allows employers to deduct a significant proportion of their employees' pension, affecting up to 2.5 million pensioners across the United Kingdom and hitting the lowest paid and part-timers hardest, is unfair, as pensioners who have paid national insurance contributions all their working lives are entitled to benefit from the provisions intended to be available to all; believes that the Government should use its pension review to end this practice; and furthermore believes that companies which integrate their pensions, which include numerous household names with substandial pension fund surpluses, such as Barclays Bank, should cease penalising their loyal and long-serving former and present staff by abolishing clawback immediately and should protect final salary pension schemes.

This motion has been signed by a total of 129 MPs.