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"We are close to getting a negotiated agreement, " he added, during Lords second reading of the Superannuation Bill, which has already cleared the Commons.
BBC: Superannuation Bill
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Opening the first debate on the Superannuation Bill on 7 September 2010, Cabinet Office Minister Francis Maude said the current scheme was no longer affordable.
BBC: Superannuation Bill part 1
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"Members of the Universities' Superannuation Scheme (USS) see their pension contributions as deferred salary and the pension provision as part of their remuneration packet, " she added.
BBC: The lecturers' union is willing to negotiate
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The Superannuation Bill proposes capping compulsory redundancies in the civil service at a maximum of one year's salary, and voluntary exit payments will be limited to 15 months' pay.
BBC: Superannuation Bill part 2
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But after the Superannuation Bill was given a third reading by 309 votes to 242, a government majority of 67, that provisional deal will be enforced if a binding agreement cannot be reached.
BBC: Ministers given new powers over civil service pay-offs
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The new domain was discovered by Superannuation.
FORBES: Possible 'Legacy Of Kain' Domain Registered By Square Enix
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Suncorp Group Limited, formerly Suncorp-Metway Ltd, is engaged in the provision of banking, general and life insurance, superannuation and funds management products and related services to the retail, corporate and commercial sectors in Australia and New Zealand.
FORBES: Suncorp-Metway