Oral Answers to Questions Debate
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Jim Cunningham
Main Page: Jim Cunningham (Labour - Coventry South)Department Debates - View all Jim Cunningham's debates with the Department for Work and Pensions
(12 years, 10 months ago)
Commons ChamberRead Full debate Read Hansard Text Read Debate Ministerial Extracts
Mr Speaker
I call Mr Jim Cunningham, not necessarily on the subject of work-outs, but on whatever appeals to him.
Mr Jim Cunningham (Coventry South) (Lab)
May I ask the Minister whether employers can still take a pensions contributions holiday and, if so, how many?
Steve Webb
Where employers run defined benefits pension schemes, if they are in deficit and have a recovery plan agreed with the Pensions Regulator, there is no obligation on them to overfund above 100%, and there are Inland Revenue rules that affect surpluses, which are still in place.