Council calls on Government to reconsider ‘unfair and unjust’ decision on Mine Workers Pension Schemes

Council calls on Government to reconsider ‘unfair and unjust’ decision on Mine Workers Pension Schemes

Bassetlaw District Council is calling on the Government to reconsider its ‘unjust and unfair’ decision that denies ex-miners from accessing £1.2bn of pension funds that would have given a £14 increase to the average weekly pension of £84.

A motion tabled by Council Leader, Cllr Simon Greaves at September’s Council Meeting (23rd September 2021) set out the Council’s disappointment “that a review called by the Parliamentary Business, Energy and Industrial Strategy Committee to give £1.2bn of pension funds to ex-miners was rejected by Government earlier this year, when they described the scheme as “fair and beneficial”.

The motion also highlighted that between 1987 and 1995 British Coal did not pay any employer contributions into the UK industry Mine Workers Pension Schemes (MPS) which benefited them as employers by approximately £1.136 billion.

Leader of Bassetlaw District Council, Councillor Simon Greaves said:

“It beggars belief that the Government is denying ex-miners the opportunity to access £1.2billion of pension funds, despite a review by a Parliamentary Committee calling for just that.

“Let’s not forget that for eight years British Coal did not pay any contributions to the Mine Workers Pension Schemes and that when these schemes closed, the Government benefits by taking 50% of the surpluses, which will amount to about £8billion.

“When the average Mine Workers Pension is £84 a week it is a scandal that the Government has rejected the opportunity to do the right thing. They should re-consider this unjust and unfair decision.”

Full Text of the Motion that was supported by Council on 23rd September 2021

Proposed by Councillor S A Greaves and seconded by Councillor J White:

“This Council is aware that between 1987 and 1995 British Coal did not pay any employer contributions into the UK industry Mine Workers Pension Schemes (MPS) which benefited them as employers by approximately £1.136 billion. This Council notes that when its representatives and others voted to consequently close the schemes, they also took the decision to allow 50 per cent of any surpluses to be taken by the Government which it is calculated will result eventually in the Government receiving in excess of £8 billion from both the MPS and its associate the BCSSS pension scheme. This Council is disappointed that a review called by the Parliamentary Business, Energy and Industrial Strategy Committee to give £1.2bn of pension funds to ex-miners was rejected by Government earlier this year, when they described the scheme as “fair and beneficial.  This would have given a £14 increase to the average weekly pension of £84.and this Council believes that this decision is unfair and unjust and calls on the Minister for Industry, Business and Financial Affairs to reconsider this decision.


Last Updated on Friday, October 29, 2021