{"id":19552,"date":"2024-11-29T04:57:30","date_gmt":"2024-11-29T04:57:30","guid":{"rendered":"https:\/\/gpt.m2mbeta.com\/?p=19552"},"modified":"2024-11-29T04:57:30","modified_gmt":"2024-11-29T04:57:30","slug":"government-to-review-second-miners-pension-scheme","status":"publish","type":"post","link":"https:\/\/gpt.m2mbeta.com\/?p=19552","title":{"rendered":"Government to review second miners' pension scheme"},"content":{"rendered":"
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Tens of thousands more former mineworkers could be set to benefit after the government announced it would review a controversial pension scheme.<\/p>\n

The chancellor used last month\u2019s Budget to scrap a 30-year old arrangement<\/a> that saw the government receive hundreds of millions of pounds a year from the Mineworkers Pension Scheme (MPS).<\/p>\n

The first instalment of the \u00a31.5bn Rachel Reeves pledged to pay back will be made on Friday. <\/p>\n

The government has now confirmed it will look at a second miners’ pension after former pit managers in the British Coal Staff Superannuation Scheme (BCSSS) challenged their exclusion from the new payments.<\/p>\n<\/div>\n

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Earlier this month, Dave Cradduck, who spent 20 years working at Haig Pit in Whitehaven, Cumbria, told the BBC it was “unjust” that “not a penny” would be given back to those on the BCSSS.<\/p>\n

He said the government had taken \u00a34.8bn out of the MPS fund, and \u00a33.2bn out of BCSSS, so therefore those on that scheme were also owed money.<\/p>\n

At the time, a spokesperson for the Department for Energy gave no indication that any future changes would take place and said the government \u201cmust consider the two schemes separately”.<\/p>\n

But the department has now announced it would \u201creview any proposals set out by the Trustees of the British Coal Staff Superannuation Scheme\u201d.<\/p>\n

Last week, the trustees asked ministers to hand back the \u00a32.3bn investment reserve to members of the scheme.<\/p>\n

Both schemes were taken over by the government when British Coal was privatised in 1994.<\/p>\n

The agreements were struck between the then-Conservative government and the scheme’s trustees, in exchange for a government guarantee that the value of mineworkers’ pensions would not decrease.<\/p>\n

The recent reversal of the MPS arrangement will see 112,000 former miners\u2019 pensions increased by a third.<\/p>\n

Energy Secretary Ed Miliband said it \u201cmarks an end to a decades-long injustice that has denied thousands across the country the decent pension that they so undeniably deserve\u201d.<\/p>\n<\/div>\n

<\/p>\n

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Source: <\/em> www.bbc.com\u2026<\/a><\/em><\/p>\n","protected":false},"excerpt":{"rendered":"

Tens of thousands more former mineworkers could be set to benefit after the government announced it would review a controversial pension scheme. The chancellor used last month\u2019s Budget to scrap a 30-year old arrangement that saw the government receive hundreds of millions of pounds a year from the Mineworkers Pension Scheme (MPS). The first instalment […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-19552","post","type-post","status-publish","format-standard","hentry","category-uncategorized"],"_links":{"self":[{"href":"https:\/\/gpt.m2mbeta.com\/index.php?rest_route=\/wp\/v2\/posts\/19552","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/gpt.m2mbeta.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/gpt.m2mbeta.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/gpt.m2mbeta.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/gpt.m2mbeta.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=19552"}],"version-history":[{"count":0,"href":"https:\/\/gpt.m2mbeta.com\/index.php?rest_route=\/wp\/v2\/posts\/19552\/revisions"}],"wp:attachment":[{"href":"https:\/\/gpt.m2mbeta.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=19552"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/gpt.m2mbeta.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=19552"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/gpt.m2mbeta.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=19552"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}