(1 month, 1 week ago)
Commons Chamber
Chris McDonald
Like my hon. Friend, I sincerely hope that these changes will permanently right the wrongs. It is important that we think carefully about moving as much money as possible out of the scheme, but also ensuring that there are sufficient funds to pay existing pensions.
Let me briefly raise the issue of the mineworkers’ pension scheme. The Government are taking a similar approach to both schemes. In 2024 they transferred the mineworkers pension scheme reserve, increasing pensions by 32%, but I want to reassure members of that scheme that I am also considering proposals for future arrangements put forward by their trustees. Those proposals could further enhance members’ benefits, and we are seeking to do that as swiftly as possible, while also managing the future funding risks.
I should declare an interest, as probably the only deferred member of the mineworkers’ pension scheme left in the Commons. There is a perception that the Government treat the BCSSS differently from the MPS. There is a belief that some have received preferential treatment—better treatment than others. When the Minister is negotiating with the trustees from both parties, will he ensure that there is equality of justice, across the board, for members of both schemes?
Chris McDonald
I am extremely pleased that my hon. Friend has raised that issue, because I know that it concerns members of, particularly, the mineworkers’ pension scheme and people in those communities. I want to reassure members of the mineworkers’ pension scheme that I am endeavouring to ensure that we get as much money out of the scheme as possible. The issue of equality does concern me. However, I am sure my hon. Friend will understand that in the case of both schemes my aim has been to move as much money out as possible, as quickly as possible, for all those members.
I do not see this as a divisive issue between two parts of the mining community, because ultimately both parts of the mining community, whichever scheme they were in, were disadvantaged by Governments of the time. I will take forward the proposals from the trustees, which I hope will further enhance members’ benefits. I want to reassure my hon. Friend, and other members of the mineworkers’ pension scheme, that my top priority is to reach agreement on how best to enhance these pensions as swiftly as possible, so that we can get that funding into the pockets of scheme members.
I opened my speech with some words about the Easington colliery disaster, and I mentioned the Durham miners gala. There is a miners memorial in Durham cathedral, and the words on that memorial are sung by the cathedral choir at the miners festival service on gala day every year, as they will be this year, in a few weeks’ time. I shall be there, playing in the cathedral with my band, and I thought that this might be a suitable moment for us to mark the Easington pit disaster ourselves, here in the House. So I simply say to Members:
“Remember before God the Durham miners who have given their lives in the pits of this county”.
Question put and agreed to.
(1 year, 1 month ago)
Commons Chamber
Chris McDonald (Stockton North) (Lab)