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Pensions Lifeboat Throws Divorcees Overboard - Willott
January 8, 2007 3:08 PM
Today, Jenny Willott MP spoke out over the unfair arrangement under The Pension Protection Fund which will remove the right of divorcees to share their ex-spouse's pension if the scheme is held in the government's lifeboat fund for companies that go bust.
Commenting, Jenny said:
"It is grossly unfair that divorcees of partners whose pension is in the Pensions Protection Fund are not entitled to any of that pension. The PPF is supposed to allow pensioners whose company scheme has gone bust, like former ASW workers, to have a normal retirement.
"Under normal divorce settlements, the divorcee is entitled to a share of their partners pension. But the Government is denying the same right to those who it claims it wants to protect the most.
"This is appalling and will mean that many divorcees are left facing financial hardship in retirement through no fault of their own. This must be addressed quickly."
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