British Coal Staff Superannuation Scheme

Opened the debate

The MP for Ashfield, Lee Anderson, discussed the plight of former miners and their families who are members of the British Coal staff superannuation scheme. He emphasised that there were over 700,000 coal miners in the 1950s, which dwindled to around 38,000 today with an average age of about 78 years. Anderson requested the Government to ensure a fairer surplus sharing arrangement for pensioners and their spouses, returning funds that are theirs by right. He highlighted the importance of unity within mining communities and acknowledged the significant contributions miners made to national prosperity.

Government Response

Minister Chris McDonald acknowledged the historical injustices done to coal miners and mining communities. He detailed the current status of the British Coal staff superannuation scheme, noting that £2.3 billion has been transferred within the scheme for use as a bonus pension in December 2024, leading to an average increase of £100 per week for scheme members. McDonald stated he is committed to discussions with trustees and aims to enhance benefits swiftly while ensuring sufficient funds remain to pay future pensions. He assured that further enhancements are under consideration and will be reviewed by the Chancellor of the Exchequer at the Budget, aiming to permanently right historic wrongs.