Lords amendment: No. 11, in page 24, line 30, at end insert:
"(3A) The earner's pension need not be in accordance with subsection (2) above in case of his service in the relevant employment being terminated before he attains the scheme's normal pension age and when—
(a) he has completed in that employment less than five years' qualifying service for the purposes of Schedule 16 to the Social Security Act 1973 (preservation); or (b) he is under the age of 26 on termination of that employment"
I beg to move, That this House doth agree with the Lords in the said amendment.This is a clarifying amendment introduced to make clear that, apart from the guaranteed minimum pension, a pension under the Bill needs to be preserved only if there is an entitlement to short service benefits under the preservation requirements of the 1973 Act.
Question put and agreed to.