Early day motion tabled by primary sponsor Michael Clapham (Labour), on Wednesday, 10 January 2001, in the House of Commons. It is signed by 129 members in total.

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MINERS PENSION FUND SURPLUSES

That this House welcomes the Coalfield Communities Campaign supplementary report on the Mineworkers' Pension Scheme Fund; notes that the Treasury is set to take yet another ??525 million windfall under the arrangements which were put in place by the Tory Government when the coal industry was privatised in 1994; and, in view of the modest risk now involved, asks Her Majesty's Government to seriously consider the latest valuation and the view of the Trustees that the 50-50 split should be looked at again and adjust the division in a fairer way, leaving more for the 300,000 pensioners, including 28,000 of the oldest and longest serving miners who receive less than ??10 per week and also to plough back a larger proportion of the surplus received into the regeneration of coalfield communities.

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Secondary information

Type

Early day motion

Reference

184 

Session

2000-01

Subjects

Coal Workplace pensions Mining Pension funds Mineworkers' Pension Scheme

Link

View this Early day motion on www.parliament.uk