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.
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.