MINERS PENSION FUND SURPLUSES

Motion Text

That this House recognises that the Treasury is finally proposing new ways of guaranteeing miners' pensions for the future but, according to the Coalfield Communities Campaign's latest calculation is still due to take £3.5 billion historical surpluses out of the two schemes at a time when many retired miners are struggling to make ends meet; and requests that Her Majesty's Government give consideration to leaving more of the past surpluses with the schemes to be used to increase pensioner incomes and also introduce a fairer division of future surpluses in accordance with the recent asset and liability study recommendation, whilst continuing to provide support to help renew and rebuild mining communities.