Mineworkers' pensions - Government should fix 'historic inju

Mineworkers' pensions - Government should fix 'historic injustice' felt by Scheme members | Parliamentary Committees and Public Enquiries


The Government should also relinquish its entitlement to the Investment Reserve, and transfer the £1.2bn fund to miners, to provide an immediate cash uplift to former miners.
The Mineworkers’ Pension Scheme report finds that, given the strong financial performance of the Mineworkers’ Pension Scheme, and the “vast sums” which have been paid to the Government, it is “unconscionable” that many of the Scheme's beneficiaries are struggling to make ends meet.
The Committee’s report examines the Scheme’s controversial 50:50 split surplus sharing arrangement and notes that “allowing the arrangement to continue would appear antithetical to the Government's stated aim of redressing socio-economic inequality and 'levelling up' left-behind communities”.

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