The following is an extract from a debate in Westminster Hall on Defined-benefit Pension Schemes on 10 July 2018.
Guy Opperman
For the avoidance of doubt among everyone reading the debate, the PPF compensation scheme ensures that individuals receive at least 90% of their pension benefits.
[Official Report, 10 July 2018, Vol. 644, c. 330WH.]
Letter of correction from the Under-Secretary of State for Work and Pensions, the hon. Member for Hexham (Guy Opperman).
An error has been identified in my response to the debate.
The correct wording should have been:
Guy Opperman
For the avoidance of doubt among everyone reading the debate, the PPF compensation scheme ensures that individuals initially receive at least 90% of their pension benefits, subject to an overall cap.