Written question asked by Nick Smith (Labour) on Thursday, 31 October 2019, in the House of Commons. It was due for an answer on Tuesday, 5 November 2019 (named day). It was answered by Kwasi Kwarteng (Conservative) on Tuesday, 5 November 2019 on behalf of the Department for Business, Energy and Industrial Strategy.

Mineworkers' Pension Scheme

Question: To ask the Secretary of State for Business, Energy and Industrial Strategy, pursuant to the Answer of 30 October 2019 to Question 5421, whether proposals for the long-term protection of pension bonuses for members of the Mineworkers' Pension Scheme have been formally accepted.

Answer: I have written to the Trustees of the Mineworkers’ Pension Scheme to confirm that the Government will agree to their proposals in full. This includes providing a guarantee for pensions that have accrued that could otherwise have been lost. I have instructed BEIS officials to work with the Trustees to implement the changes as swiftly as possible.

Secondary information

Type: Written question
Reference: 8232
Session: 2019-19
Related items: Mineworkers' Pension Scheme
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Link: View this Written question on www.parliament.uk