{"id":184676,"date":"2024-11-29T04:18:24","date_gmt":"2024-11-29T04:18:24","guid":{"rendered":"https:\/\/news.talkwithrattan.com\/index.php\/2024\/11\/29\/government-to-review-second-miners-pension-scheme\/"},"modified":"2024-11-29T04:18:24","modified_gmt":"2024-11-29T04:18:24","slug":"government-to-review-second-miners-pension-scheme","status":"publish","type":"post","link":"https:\/\/news.talkwithrattan.com\/index.php\/2024\/11\/29\/government-to-review-second-miners-pension-scheme\/","title":{"rendered":"Government to review second miners pension scheme"},"content":{"rendered":"
\"Government<\/div>


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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


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Source link <\/a><\/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":2,"featured_media":184677,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"tdm_status":"","tdm_grid_status":"","fifu_image_url":"https:\/\/ichef.bbci.co.uk\/news\/1024\/branded_news\/d1f4\/live\/34553cf0-add7-11ef-a053-3198324bb252.jpg","fifu_image_alt":"","footnotes":""},"categories":[603],"tags":[3954,11225,7472,227,8940],"amp_enabled":true,"_links":{"self":[{"href":"https:\/\/news.talkwithrattan.com\/index.php\/wp-json\/wp\/v2\/posts\/184676"}],"collection":[{"href":"https:\/\/news.talkwithrattan.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/news.talkwithrattan.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/news.talkwithrattan.com\/index.php\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/news.talkwithrattan.com\/index.php\/wp-json\/wp\/v2\/comments?post=184676"}],"version-history":[{"count":1,"href":"https:\/\/news.talkwithrattan.com\/index.php\/wp-json\/wp\/v2\/posts\/184676\/revisions"}],"predecessor-version":[{"id":184678,"href":"https:\/\/news.talkwithrattan.com\/index.php\/wp-json\/wp\/v2\/posts\/184676\/revisions\/184678"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/news.talkwithrattan.com\/index.php\/wp-json\/wp\/v2\/media\/184677"}],"wp:attachment":[{"href":"https:\/\/news.talkwithrattan.com\/index.php\/wp-json\/wp\/v2\/media?parent=184676"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/news.talkwithrattan.com\/index.php\/wp-json\/wp\/v2\/categories?post=184676"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/news.talkwithrattan.com\/index.php\/wp-json\/wp\/v2\/tags?post=184676"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}