BusinessPostCorner.com
No Result
View All Result
Sunday, July 19, 2026
  • Home
  • Business
  • Finance
  • Accounting
  • Tax
  • Management
  • Marketing
  • Crypto News
  • Human Resources
BusinessPostCorner.com
  • Home
  • Business
  • Finance
  • Accounting
  • Tax
  • Management
  • Marketing
  • Crypto News
  • Human Resources
No Result
View All Result
BusinessPostCorner.com
No Result
View All Result

Government to review second miners pension scheme

November 29, 2024
in Business
Reading Time: 2 mins read
A A
0
Government to review second miners pension scheme
ShareShareShareShareShare

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.

He said the government had taken £4.8bn out of the MPS fund, and £3.2bn out of BCSSS, so therefore those on that scheme were also owed money.

At the time, a spokesperson for the Department for Energy gave no indication that any future changes would take place and said the government “must consider the two schemes separately”.

But the department has now announced it would “review any proposals set out by the Trustees of the British Coal Staff Superannuation Scheme”.

Last week, the trustees asked ministers to hand back the £2.3bn investment reserve to members of the scheme.

Both schemes were taken over by the government when British Coal was privatised in 1994.

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.

The recent reversal of the MPS arrangement will see 112,000 former miners’ pensions increased by a third.

Energy Secretary Ed Miliband said it “marks an end to a decades-long injustice that has denied thousands across the country the decent pension that they so undeniably deserve”.

Credit: Source link

ShareTweetSendPinShare
Previous Post

Australia enacts ‘world leading’ children’s social media ban

Next Post

Sanofi exec says remote work takes away employee ‘serendipity’

Next Post
Sanofi exec says remote work takes away employee ‘serendipity’

Sanofi exec says remote work takes away employee 'serendipity'

CHRO compensation: What do the numbers say?

CHRO compensation: What do the numbers say?

July 15, 2026
Best content optimization tools for ROI-focused teams

Best content optimization tools for ROI-focused teams

July 14, 2026
NYC lawyers slam pied-a-terre tax as a ‘half-baked money grab’

NYC lawyers slam pied-a-terre tax as a ‘half-baked money grab’

July 13, 2026
How to change bank, energy or broadband provider and save money

How to change bank, energy or broadband provider and save money

July 12, 2026
Peterborough pop-up school uniform and prom dress stall planned

Peterborough pop-up school uniform and prom dress stall planned

July 14, 2026
Iran Struck 5 Countries, ADA Dropped to alt=

Iran Struck 5 Countries, ADA Dropped to $0.16: But Kraken Staked $1B

July 13, 2026
BusinessPostCorner.com

BusinessPostCorner.com is an online news portal that aims to share the latest news about following topics: Accounting, Tax, Business, Finance, Crypto, Management, Human resources and Marketing. Feel free to get in touch with us!

Recent News

How the ‘Yellowstone effect’ transformed one rugged western American city

How the ‘Yellowstone effect’ transformed one rugged western American city

July 18, 2026
Iran just crossed Trump’s red line for resuming all-out war as fighting worsens with no end in sight

Iran just crossed Trump’s red line for resuming all-out war as fighting worsens with no end in sight

July 18, 2026

Our Newsletter!

Loading
  • Contact Us
  • Privacy Policy
  • Terms of Use
  • DMCA

© 2023 businesspostcorner.com - All Rights Reserved!

No Result
View All Result
  • Home
  • Business
  • Finance
  • Accounting
  • Tax
  • Management
  • Marketing
  • Crypto News
  • Human Resources

© 2023 businesspostcorner.com - All Rights Reserved!