Mining: Pensions

HM Treasury written question – answered on 15th September 2017.

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Photo of Chris Williamson Chris Williamson Shadow Minister (Home Office) (Fire and Emergency Services)

To ask Mr Chancellor of the Exchequer, if he will publish the additional benefits that have been awarded under surplus sharing arrangements to members of the (a) the Mineworkers Pension Scheme and (b) British Coal Staff Superannuation since 1994.

Photo of Elizabeth Truss Elizabeth Truss The Chief Secretary to the Treasury

Until 2015, surpluses for each scheme were shared equally between scheme members and the Government as Guarantor. That arrangement continues for the MPS but new arrangements were agreed in 2015 for the BCSSS. How the members’ share of the surplus is used is a matter for the Trustees

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