British Coal Staff Superannuation Scheme Debate
Full Debate: Read Full DebateMartin Wrigley
Main Page: Martin Wrigley (Liberal Democrat - Newton Abbot)Department Debates - View all Martin Wrigley's debates with the Department for Business and Trade
(3 days, 14 hours ago)
Commons ChamberOf course my hon. Friend is right. I want to thank everybody who has campaigned and worked for so long on the mineworkers’ pension and everybody who has been in touch with me and with colleagues across the House on the BCSSS. One of the most humbling events I have been to in my political life was speaking to former miners following the announcement on the mineworkers’ pension. I am incredibly grateful to the many people who have campaigned and who are getting in touch and showing us how important this is. Of course, we completely understand it.
This is a new topic to me personally. I was contacted by a constituent whose late husband, a good friend of mine, Michael Green, worked for British Coal at the time. He too was passionate that this money should be returned to the miners. Does the Minister agree that we need to get on with this and get this to happen as quickly as possible?
We are certainly moving as fast as we can. I will explain where the process has got to, and I hope that Members will be reassured.
The transfer of £1.5 billion from the mineworkers’ pension boosted pensions by 32%, which was an average increase of £29 a week for each member. The hon. Member for Ashfield made the point that this is about putting money not just into people’s pockets but into local communities, and that is incredibly important. I also understand that in the context of the BCSSS in exactly the same way. My officials are working closely with the trustees of the mineworkers’ pension on the review of the future surplus sharing arrangements, and we hope to come forward with proposals and reach an agreement on that soon. Having worked closely with the coalfield communities on the delivery of the mineworkers’ pension, I completely recognise the strength of feeling on the BCSSS.