Mineworkers’ Pension Scheme

Debate between Ed Miliband and Andrew Stephenson

Monday 10th June 2019 Commons Chamber

[Andrew Stephenson]

They do not. There are six proposals, which I have written to the Treasury about, and the trustees felt that protecting existing bonuses earned is more important than a review of the 50-50 split at this time.

[Edward Miliband]

The motion states:

“That this House calls on the Government to carry out a review of the existing arrangements for the sharing of the surplus generated by the Mineworkers’ Pension Scheme.”

As I understand it, the Government will not vote against the motion, so will the Minister tell us what he is going to do after the motion passes, because it calls for precisely such a review?

[Andrew Stephenson]

As I just said, I will be meeting the trustees, and their proposals relate to six points, about which I have written to the Treasury to share my analysis.

[Edward Miliband]

But this House is about to pass a motion agreeing to a review, so the Government are going to have to do something about that. That is the point, and I think we would all be interested to know what the Minister intends to do.