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 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)
  