Pensions Clawback

EDM number 557 in 1998-99, proposed by Kerry Pollard on 19/04/1999.

That this House believes that the practice of integrating occupational pensions with the state pension, commonly 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-time workers hardest, is unfair, as pensioners who have paid national insurance contributions all their working lives are entitled to benefit from the provisions intended by Government to be available to all; and believes that the Government should legislate to phase out this practice, following the example set by the Republic of Ireland where a recently introduced Bill, which has the full support of the Irish Government, states that the amount deducted from occupational pension payments by trustees of pension schemes cannot increase when the amount of the state pension is increased, effectively freezing the amount which can be deducted.

This motion has been signed by a total of 200 MPs, 3 of these signatures have been withdrawn.