Question to the Department for Business, Energy and Industrial Strategy:
To ask the Secretary of State for Business, Energy and Industrial Strategy, if he will make an assessment with Cabinet colleagues of the potential impact of the surplus sharing arrangements for the Mineworker’s Pension Scheme on the Government’s levelling-up agenda.
The Scheme’s surplus-sharing arrangements mean that scheme members receive approximately 33% higher payments than they would otherwise have done. There are currently no plans for a review of the surplus-sharing arrangements. In addition, the Government guarantee ensures that pensions increase in line with RPI.