Mineworkers' Pension Scheme

(asked on 20th February 2019) - View Source

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

To ask the Secretary of State for Business, Energy and Industrial Strategy, how any surplus taken by the Government from the Mineworkers' Pension Scheme since 2010 has been spent.


Answered by
 Portrait
Claire Perry
This question was answered on 27th February 2019

Surplus payments from the Mineworkers Pension Scheme are paid into the Exchequer, which forms part of wider Government expenditure.

The Government guarantee has enabled an investment strategy that has resulted in scheme members receiving payments 33% higher than they would have been if they received only their actual earned pension up to privatisation.

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