Pensions Bill [HL] (HL Bill 37 of 2010-11)

This Library Note provides information on the Pensions Bill which is due for second reading in the House of Lords on 15 February 2011. The Bill implements recommendations from three recent pension reviews. It speeds up the timetable for increasing the state pension age to 66. It amends the requirements for automatic enrolment into a workplace pension scheme which are due to come into effect from 2012 onwards by raising the earnings trigger and making automatic enrolment simpler for employers to administer. It also amends existing legislation covering judicial pension schemes to allow contributions to be taken from scheme members. The Bill also contains a number of technical measures and includes provisions to amend references to indexation in existing primary legislation, in line with the Government’s switch from RPI to CPI as the basis for revaluing and indexing certain pension rights.