division_name: Pensions Bill
motion: <p pid="b.1060.3/1" pwmotiontext="moved">moved Amendment No. 5:</p>
  
  <p class="indent" pid="b.1060.3/2" pwmotiontext="moved">After Clause 8, insert the following new Clause&#8212;</p>
  
  <p class="indent" pid="b.1060.3/3" pwmotiontext="moved">"Independent Pensions Commission</p>
  
  <p class="indent" pid="b.1060.3/4" pwmotiontext="moved">The Secretary of State shall, no later than 1st January 2010, establish an Independent Pensions Commission which shall report to Parliament and Government every four years on&#8212;</p>
  
  <p pid="b.1060.3/5" pwmotiontext="moved">(a) the terms, benefits and affordability of public sector pensions,(b) the latest trends in private pension saving (and the impact of means-testing), and(c) the latest trends in life expectancy and average retirement ages."</p>
  
  <p pid="b.1078.4/1" pwmotiontext="considered">On Question, Whether the said amendment (No. 5) shall be agreed to?</p>
  
  <p pid="b.1078.4/2" pwmotiontext="divided">Their Lordships divided: Contents, 73; Not-Contents, 116.</p>