Pensions Bill (HL Bill 55 of 2013-14)
This Note provides background reading on the Pensions Bill, which is due to have its second reading in the House of Lords on 3 December 2013.
The Pensions Bill makes provision for reform of the state pension system, including the introduction of a single-tier state pension. It also contains reforms of bereavement benefits, provision for amending the timetable for increasing pensionable age and a number of measures relating to private pensions, including the provision of an automatic transfer scheme for accrued rights to pension benefits.
This Library Note provides an overview of the six parts of the Bill, and a short summary of proceedings at second reading in the House of Commons. It then examines the debates at committee and report stages in further detail, with reference to key elements within the Bill. Finally, the Note provides a brief summary of the debate at third reading.