British Coal Staff Superannuation Scheme
(asked on 27th November 2025) - View Source
Question to the Department for Energy Security & Net Zero:
To ask the Secretary of State for Energy Security and Net Zero, if he will publish a timeline for the transfer of the £2.3bn investment reserve to BCSSS members.
Answered by
Chris McDonald
Parliamentary Under Secretary of State (Department for Energy Security and Net Zero)
This question was answered on 5th December 2025
The Chancellor announced in the budget the transfer of the full reserve of £2.3bn which will increase member incomes by 41%. The transfer has been completed and the required amendments to the scheme rules agreed and signed.
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.