Implement recommendations of the Mineworkers’ Pension Scheme report

We the undersigned call upon the Government to implement the recommendations of the BEIS Select Committee inquiry, and subsequent report, into the Mineworkers Pension Scheme.

662 Signatures

Status
Open
Opened
Wednesday 27th July 2022
Last 24 hours signatures
1
Signature Deadline
Friday 27th January 2023
Estimated Final Signatures: 823

Reticulating Splines

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Since 1994, pensioners split any surplus funds 50:50 with the government. The report recommends that the Government is only entitled to a share of surpluses if the Scheme falls into deficit, and that the current arrangements deserved to be reviewed for a better outcome for pensioners. The Committee report also recommends the Government returns the £1.2bn it is due to receive from the Investment Reserve back to miners.

Despite an election pledge to change the scheme, the Government has not yet changed the scheme.

As the cost of living squeezes households, implementing these changes could help save pensioners from desperate poverty.

The Government must implement the recommendations of the BEIS Parliamentary Select Committee.


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Reticulating Splines