text_body: --- DIVISION TITLE ---
  
  Pension Schemes Bill - New Clause One - Underwriting of Certain Occupational Pension Schemes
  
  --- MOTION EFFECT ---
  
  
  @ MP voted aye for the Government to underwrite certain occupational pension schemes. 
  @ MP voted no against the Government underwriting certain occupational pension schemes. 
  
  The majority of MPs voted against the Government underwriting certain occupational pension schemes. 
  
  The proposed new clause[2] rejected in this vote was titled: ''Funder of the last resort'' and stated:
  
  :Notwithstanding the provisions of [https://www.publications.parliament.uk/pa/bills/cbill/2016-2017/0140/cbill_2016-20170140_en_2.htm#pt1-pb3-l1g8 section 8], the Secretary of State shall make provision for a funder of last resort, to manage any cases where the Master Trust has insufficient resources to meet the cost of complying with subsection (3)(b) of that section.
  
  See also: [https://www.theyworkforyou.com/debates/?id=2017-03-22b.881.1 Debate on the rejected new clause on the 22nd of March 2017]
  
  The motion rejected in this vote was:
  
  : That the clause be read a Second time.
  
  
  ==
  
  * [1] [http://services.parliament.uk/bills/2016-17/pensionschemes.html Parliament's webpage on the Pension Schemes Bill]
  * [2] [https://www.publications.parliament.uk/pa/bills/cbill/2016-2017/0140/amend/pension_daily_rep_0328.1-7.html Amendment paper containing New Clause 1]
  
  --- COMMENTS AND NOTES ---
  
  (put thoughts and notes for other researchers here)
  