Pensions
The question
To ask the Secretary of State for Work and Pensions, if she will make it her policy to abolish clawback by pension providers.
Answered by Torsten Bell
The aim of integrated or so-called ‘clawback’ schemes is to provide, overall, the same level of benefits before and after a person reaches State Pension age. A higher amount of occupational pension is paid before the member begins to receives their State Pension, thereby smoothing benefit income over time.
The Government has no plans to abolish the provision of integrated pensions.
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