British Coal Staff Superannuation Scheme Debate
Full Debate: Read Full DebateAmanda Hack
Main Page: Amanda Hack (Labour - North West Leicestershire)Department Debates - View all Amanda Hack's debates with the Department for Business and Trade
(1 month, 1 week ago)
Commons Chamber
Chris McDonald
My hon. Friend is right to raise this issue, and it fits very much with the point I was making about the age profile. I assure her that I am acutely aware of how many miners, miners’ widows and other coal workers are dying every day and every week not in receipt of their pension entitlements. That is why I proceeded as quickly as I could with the initial arrangements for the British Coal staff superannuation scheme last autumn. With the co-operation of the trustees, we are proceeding at pace on both schemes.
Amanda Hack (North West Leicestershire) (Lab)
I thank the hon. Member for Ashfield (Lee Anderson) for bringing forward this debate. He will know, because I have spoken to him before about this, that my father-in-law’s pit would fall within his constituency. My constituency of North West Leicestershire has about 2,200 coalminers, of whom a big majority are in the BCSSS. I am reassured by the Minister’s comments about making sure we get fairness. Can he say some more about how these decisions will be made, and how soon we can get fair justice for our miners?
Chris McDonald
Yes, I will say more about the work I am doing with the trustees and the timing, as my hon. Friend rightly requests. The Government are implementing the recommendations of the BEIS Committee report from 2021 in respect of the British Coal staff superannuation scheme and the mineworkers’ pension scheme, and we continue to provide a guarantee to the British Coal staff superannuation scheme, ensuring that scheme members’ pensions will always be paid after retirement. We have transferred the £2.3 billion reserve within the scheme for use as a bonus pension. This led to a 41% increase in pension incomes last December, backdated to November 2024. On average, that meant an extra £100 a week for scheme members, and I know that money will be spent in coalmining communities. That is direct support for pensioners and local communities that powered our country for decades.
I am clear, however, that there is still more to do. The Government are discussing proposals for future arrangements for the scheme, including the potential for future surpluses to be used to enhance the benefits for the trustees. The hon. Member for Ashfield asked me if I would commit to working with the trustees, and I can tell him simply: I will, and I am. On timing, he asked me whether the decision will be made at the Budget. I of course leave decisions at the Budget to the Chancellor of the Exchequer, but she is incredibly supportive of the work that I am doing, and I place on the record her support for me in my work and for mining communities.