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GSD proposes changes to Private Sector Pensions Bill

The GSD will propose changes to the Private Sector Pensions Bill which, according to the party, will improve the position of retiring private sector employees.
The GSD has supported and voted in favour of the Bill throughout, although it delayed the final stage of the Bill during a recent session of Parliament in order assess its contents in detail.
It has also denounced the Chief Minister’s “spin in his efforts to give a contrary impression”.
According to the GSD, the amendments it will put before Parliament arise from feedback received from consultations with Unite the Union, the Chamber of Commerce and the Gibraltar Federation of Small Businesses (GFSB).
“The GSD will propose several improvements at the Committee stage of the Bill [today],” the party said in a statement.
“These changes advantage private sector employees more than the GSLP-Liberal Bill does presently.”
GSD MP Roy Clinton, who shadows the public finance and small business portfolios, said the GSD had always supported the Private Sector Pensions Bill.
“But the Bill that the GSLP-Liberal Government has put before Parliament does not fully address the main concerns of Unite the Union, the Chamber of Commerce and the GFSB,” he said.
“The GSD obtained a short adjournment of the Committee stage to have time to improve the Bill that the GSLP-Liberal Government took to Parliament.”
“The Chief Minister criticised the GSD heavily for doing this. The amendments, that the GSD are now putting forward, show that we have usefully used this time to further consult and identify improvements that will mainly benefit private sector employees and address some concerns of employers.”
“The GSD are proposing six groups of amendments to address the main concerns expressed to us by the various bodies mentioned, in what is a delicate balancing act on a very important piece of law.”
“Mr Picardo’s irrational views as to how Parliament should go about scrutinising legislation properly are thus again proved to be wrong.”

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