Mineworkers' Pension Scheme
(asked on 19th December 2016) - View Source
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 assess the balance of the Mineworkers' Pension Scheme surplus-sharing arrangements.
This question was answered on 9th January 2017
The presence of the guarantee has enabled the scheme trustees to invest so as to target surpluses; this has resulted in a 30% increase in payments to members. For this reason, we believe the existing arrangements work well and are fair to all parties.