Mineworkers’ Pension Schemes: Nottinghamshire Debate
Full Debate: Read Full DebateSam Rushworth
Main Page: Sam Rushworth (Labour - Bishop Auckland)Department Debates - View all Sam Rushworth's debates with the Department for Business, Innovation, Science and Trade
(1 day, 22 hours ago)
Commons Chamber
Steve Yemm
My hon. Friend raises such an important point about the urgency of this question. The third point that I raised really matters to people in my constituency. Members of the British Coal staff scheme have bonus pensions that are protected; members of the mineworkers’ scheme do not. I do not think that anybody could explain to a retired miner in Mansfield why his bonus should be less secure than the one paid to someone he worked alongside at the same colliery. We should fix that.
The British Coal staff scheme’s trustees have made similar proposals, such as clear valuations showing whether the scheme is in surplus or deficit. I want to be clear about one thing: neither set of trustees is asking for the Government guarantee to be removed. Nobody wants to put pensioners’ security at risk and nobody is suggesting the schemes pay out money they might need to meet their commitments. We cannot, however, as my hon. Friend the Member for North West Leicestershire (Amanda Hack) pointed out, keep telling people in their 80s that fairness is coming at some point in future.
Dr Sam Rushworth (Bishop Auckland) (Lab)
I thank my hon. Friend for his excellent work. It was my privilege five years ago at Labour conference to second the National Union of Mineworkers’ motion on this matter. Five years on, many of the miners I represent are still waiting to see some of these things come to fruition and, sadly, any members of my family who worked in the pits are no longer with us. He mentioned people in their 80s, so will he join me in urging the Government to take this action as swiftly as possible? Does he also share my disappointment that there is nobody on the Opposition Benches? We on the Government Benches cannot be the only people who represent mineworkers.
Steve Yemm
I welcome my hon. Friend’s comments and I share that disappointment. I have also to recollect that at the general election in 2019, Boris Johnson stood on the town hall steps in my constituency and committed to putting this right. Those on the Conservative Benches spent five years doing nothing for mineworkers.
There is an economic point too. When we increase the pensions, that money gets spent in our constituencies, in communities that have had decades of decline since collieries closed, and that matters. I have had very good discussions with Ministers and with the trustees of both schemes and I know that a lot of work is ongoing. The Budget is next Wednesday, so I want to put four questions to the Minister.