Mineworkers' Pension Scheme

(asked on 31st October 2016) - View Source

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

To ask the Secretary of State for Business, Energy and Industrial Strategy, pursuant to the Answer of 20 October 2016 to Question 48677, how much the Government has received from the Mineworkers' Pensions Scheme since 1994 net of payments from the Government arising from its guarantee.


Answered by
Jesse Norman Portrait
Jesse Norman
Shadow Leader of the House of Commons
This question was answered on 3rd November 2016

In its role as Guarantor, the Government has received £3,356.3m from the Mineworkers’ Pension Scheme since 1994. No payments have been made into the scheme by the Government. The existing surplus-sharing arrangements have worked well to date, with the presence of the Guarantee enabling the Trustees to invest in a way that has generated surpluses and, as a consequence, bonuses to members.

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