British Coal Staff Superannuation Scheme

Josh Newbury Excerpts

Wednesday 11th June 2025 Commons Chamber

[Sarah Jones]

I completely appreciate my hon. Friend’s comments. I think everybody in this House shares them, and I feel that strongly and am committed to doing exactly that.

We have recently received the analysis from the Government Actuary on the options for making a transfer to scheme members. Because we received that information, I had a meeting with the trustees today to hear their views on that analysis. At that meeting, I committed to move at speed. My officials are meeting the Treasury tomorrow. We are going to put a recommendation to the Chief Secretary to the Treasury, and I made a commitment to meet the trustees again before the summer break so we continue to make progress as fast as we can.

[Josh Newbury (Cannock Chase) (Lab)]

I am proud to have supported the BCSSS campaign since long before I became an MP, and I have continued to support it. I pay tribute to the campaigners in my constituency, including ex-miner Tony Jones, who gave me a badge that I wear with pride. I am grateful to the Minister for her engagement with BCSSS trustees and us as coalfield MPs. However, many of my constituents are often elderly, in poor health and desperate for a resolution. Given that the investment reserve is already held within the scheme and its return would not require any new public spending, will the Minister continue to work hard to ensure that these deferred pensions are rightly returned as quickly as possible to their rightful owners?

[Sarah Jones]

That is certainly what we are working to do. Because the two schemes are slightly different, the way the Treasury has to interact and think about these things is slightly different, but we have done this Government Actuary process, and we met the trustees today. We will now put our recommendation to the Chief Secretary to the Treasury—I know that a lot of my hon. Friends are talking to him about this issue whenever they can. While I have a desire to move at speed, I hope colleagues will appreciate that we also need to ensure that we get this absolutely right, and that any spending decisions are carefully considered, especially given the role that the Government have as the guarantor to both the mineworkers’ pension scheme and the BCSSS. I want to assure all hon. Members that I am doing all I can to reach an agreement and improve the conditions for members as soon as possible.