British Coal Staff Superannuation Scheme Debate
Full Debate: Read Full DebateNusrat Ghani
Main Page: Nusrat Ghani (Conservative - Sussex Weald)Department Debates - View all Nusrat Ghani's debates with the Department for Business and Trade
(1 month, 1 week ago)
Commons Chamber
Jo White (Bassetlaw) (Lab)
When I was elected nearly two years ago, the very first person to contact me was a BCSSS member. There are about 750 BCSSS members in my constituency, and the campaign has certainly been part of my heart ever since I was elected. I know that many BCSSS members will be watching tonight and listening to the debate, and I am sure that the stories you tell will ensure that they are—
Lee Pitcher
The Minister talked earlier about putting the wrongs right, and those decisions that will be made in the future will hopefully do just that, but once that is done, we want to make sure that they are future-proofed for everyone, regardless of what happens in the future. Will the Minister also commit to ensuring that once those wrongs are put right, that will continue, whoever governs in the future?
Order. You have had more than one intervention, Mr Pitcher.
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.