Child Support, Pensions and Social Security Bill — Rate of Introduction of State Second Pension — 3 Apr 2000

a "SERPS year" is any financial year from 1978-79 to the year before the first appointed year; and

a "State Second Pension year" is any financial year from the first appointed year onwards.

(2) This section shall apply to any person reaching pensionable age after the end of the first appointed year.

(3) In each State Second Pension year in which a person accrues state second pension entitlement, that person may elect to accrue an additional year's entitlement in respect of that year in substitution for their additional pension entitlement in respect of one SERPS year.

(4) Such substitution may only take place in respect of SERPS years in which that person either paid National Insurance Contributions or was entitled to credits in lieu of National Insurance Contributions.

(5) The Benefits Agency shall be required to notify any person to whom this section applies of their rights, and shall explain how those rights may be exercised to produce the maximum total entitlement to additional pension.'.-- [Mr. Webb.]

Brought up, and read the First time.

I beg to move, That the clause be read a Second time.

Mr. Deputy Speaker:

With this, it will be convenient to discuss the following: New clause 14-- Enhancement of the state personal pension --

Question put , That the clause be read a Second time:--

The House divided: Ayes 36, Noes 282.

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