Pensions Bill — 6 Jun 2007 at 17:06
<[i>Amendments Nos. 63 and 64 not moved.]
moved Amendment No. 65:
After Clause 18, insert the following new Clause-
"Minimum retirement income
(1) The amount of the minimum retirement income in respect of each tax year shall be set by the Chancellor of the Exchequer by order at the level of the standard minimum guarantee prescribed under section 2 of the State Pension Credit Act 2002 (c. 16).
(2) Before making an order under subsection (1), the Chancellor of the Exchequer shall consult such persons as he considers appropriate.
(3) An order under this section (other than the order that applies to the first tax year during which this section is in force) must be made on or before 31st January of the tax year before the tax year to which the order applies."
On Question, Whether the said amendment (No. 65) shall be agreed to?
Their Lordships divided: Contents, 145; Not-Contents, 140.
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