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

To ask the Secretary of State for Business, Energy and Industrial Strategy, if he will publish the annual surpluses to Government from the Mineworkers Pension Fund in each year since 1994.

The sums the Government has received each year from its share of scheme surpluses are set out below. There were no receipts before 1998. Surplus shares are calculated at three-yearly valuations and paid in ten annual instalments. More information is available in a House of Commons Research Briefing. The Government guarantee has enabled an investment strategy that has resulted in scheme members receiving payments 33% higher than they would have been if they received only their actual earned pension up to privatisation.

[1] MPS Scheme years run from 1 October to 30 September. Payments are generally made on 1 October.