Mineworkers' Pension Scheme

(asked on 15th December 2020) - View Source

Question to the Department for Business, Energy and Industrial Strategy:

To ask the Secretary of State for Business, Energy and Industrial Strategy, whether he plans to make an assessment of the merits of the UK Miners Pension Scheme provision that 50 per cent of any surplus made after 1994 will be paid to the Government.


Answered by
Kwasi Kwarteng Portrait
Kwasi Kwarteng
This question was answered on 23rd December 2020

The Government has reconsidered the surplus sharing arrangements of the Mineworkers’ Pension Scheme (MPS) and concluded that they remain appropriate.

We have agreed to scheme changes proposed by the MPS Trustees which guarantee that bonus pensions already accrued will not be lost in the event of a future deficit. These changes have been implemented.

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