Opened the debate
The amendment seeks to extend the definition of 'terminally ill' from six months to twelve months for recipients of occupational pensions whose pension schemes have become insolvent. This change will provide financial assistance and fairness to terminally ill individuals who face loss of pension payments due to scheme insolvency. The Bill aims to align this definition with social security provisions under the Social Security (Special Rules for End of Life) Act 2022, ensuring terminally ill people receive necessary financial support in their final days.