Mineworkers' Pension Scheme

(asked on 12th October 2018) - View Source

Question to the Department for Business, Energy and Industrial Strategy:

To ask the Secretary of State for Business, Energy and Industrial Strategy, for what reason the Government receives funding from the Mineworkers Pension Scheme while recipients have been advised of a deficit resulting in a reduced bonus.


Answered by
 Portrait
Claire Perry
This question was answered on 17th October 2018

The Government guarantees any deficit from the Mineworkers Pension Scheme and in return receives a share of any surplus. Following the most recent valuation in July, a significant surplus in the scheme will ensure that scheme members will receive an additional bonus pension for each of the next six years.

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