PARLIAMENTARY EARLY DAY MOTION
INTEGRATED PENSIONS (31 May 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.

Sponsored by:
Mr Kerry Pollard (Labour)