Pensions Bill — 15 Nov 2004 at 18:32
Clause 324 <[i>Extent]:
moved Amendment No. 72:
Page 268, line 38, leave out ", 8"
On Question, amendment agreed to.
Schedule 1 <[i>The Pensions Regulator]:
moved Amendment No. 73:
Page 271, line 3, at end insert-
:TITLE3:"Pension arrangements
The Regulator shall make pension provision for its chief executive and employees by means of a funded defined benefit pension scheme with rates of employer and employee contributions, benefits and indexation of pensions in payment, all broadly comparable to those provided to new members by the 100 pension schemes with the highest number of members for whom levies are payable to the Pension Protection Fund."
On Question, Whether the said amendment (No. 73) shall be agreed to?
Their Lordships divided: Contents, 73; Not-Contents, 132.
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