Mining: Pensions

(asked on 12th September 2017) - View Source

Question to the HM Treasury:

To ask Mr Chancellor of the Exchequer, if he will publish the additional benefits that have been awarded under surplus sharing arrangements to members of the (a) the Mineworkers Pension Scheme and (b) British Coal Staff Superannuation since 1994.


Answered by
Elizabeth Truss Portrait
Elizabeth Truss
This question was answered on 15th September 2017

Until 2015, surpluses for each scheme were shared equally between scheme members and the Government as Guarantor. That arrangement continues for the MPS but new arrangements were agreed in 2015 for the BCSSS. How the members’ share of the surplus is used is a matter for the Trustees

Reticulating Splines