Question to the Department for Energy Security & Net Zero:
To ask the Secretary of State for Energy Security and Net Zero, when his Department expects to reach a decision on the potential transfer of the British Coal Staff Superannuation Scheme reserve; and if he will publish a timeline for implementation.
The Chancellor announced in the budget the transfer of the full reserve of £2.3bn which will increase member incomes by 41%.
Implementation is a matter for the Trustees but we understand they have put processes in place so that the first payments will be made on 23 December.