As this motion is using historical data, we may not have the record of the original ordering, in which case signatories are listed alphabetically.
Suggested amendment
after `shortfall;', insert `notes that, taking into account the costs of compensation, the total cost of the scheme over a 60 year period would be £100 million per year net present value;'.
Original motion text
That this House commends the Government for recognising the problem of occupational pension schemes in deficit by introducing the Pensions Protection Fund and the Financial Assistance Scheme (FAS); notes that the FAS has an initial budget of £400 million; suggests that because this sum is to be used for approximately 85,000 employees and former employees in over 160 schemes the fund will have a substantial shortfall; and calls on the Secretary of State for Work and Pensions to bring forward a final payment solution that will remedy the issue as soon as possible.
Signatures (3)
The first 6 Members who have signed to support the motion are the sponsors. The primary sponsor is generally the person who tabled the motion and has responsibility for it. The date shown is when the Member signed the motion.
There are no withdrawn signatures for this amendment.