Meetings
NDM6919 Member Debate under Standing Order 11.21(iv)
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Meeting: 23/01/2019 - Plenary - Fifth Senedd (Item 6)
Member Debate under Standing Order 11.21(iv) - Allied Steel and Wire Pensions
NDM6919 Bethan
Sayed (South Wales West)
To propose that the
National Assembly for Wales:
1. Notes that former
Allied Steel and Wire workers have still not received the full value of their
pensions, despite a compensation deal reached in 2007 with the former UK
Government and almost 14 years after a change in UK law.
2. Notes that under
a compensation deal reached in 2007 with the former UK Government, workers were
promised the same treatment as workers and pension scheme holders under the
pension protection fund and financial assistance scheme.
3. Notes that under
law changes since 2004, workers under the pension protection fund and financial
assistance scheme are entitled to be paid up to 90 percent of their pension
contribution value. However, contributions paid in prior to 1997 are not
inflation proofed.
4. Regrets the
financial hardship this has caused to former ASW workers in Wales.
5. Calls on the UK
Government to honour the spirit of the commitments the previous UK Government
made to ASW workers in Wales.
Supported
by:
Andrew RT Davies (South Wales Central)
Minutes:
The item started at 15.59
Voting
on the motion under this item was deferred until Voting Time.
NDM6919
Bethan
Sayed (South Wales West)
To
propose that the National Assembly for Wales:
1.
Notes that former Allied Steel and Wire workers have still not received the
full value of their pensions, despite a compensation deal reached in 2007 with
the former UK Government and almost 14 years after a change in UK law.
2.
Notes that under a compensation deal reached in 2007 with the former UK
Government, workers were promised the same treatment as workers and pension
scheme holders under the pension protection fund and financial assistance
scheme.
3.
Notes that under law changes since 2004, workers under the pension protection
fund and financial assistance scheme are entitled to be paid up to 90 percent
of their pension contribution value. However, contributions paid in prior to
1997 are not inflation proofed.
4.
Regrets the financial hardship this has caused to former ASW workers in Wales.
5.
Calls on the UK Government to honour the spirit of the commitments the previous
UK Government made to ASW workers in Wales.
Supported by:
Andrew
RT Davies (South Wales Central)
Mike
Hedges (Swansea East)
Helen
Mary Jones (Mid and West Wales)
Leanne
Wood (Rhondda)
David
Rees (Aberavon)
The
result was as follows:
For |
Abstain |
Against |
Total |
49 |
0 |
0 |
49 |
The
motion was agreed.