Source · Select Committees · Business and Trade Committee
Recommendation 11
11
Not Addressed
Paragraph: 53
The Government is disingenuous in claiming the Trustees are content with the terms of the...
Recommendation
The Government is disingenuous in claiming the Trustees are content with the terms of the current arrangements. The Trustees have been clear that they are not - and never were - happy with the terms, and that they would welcome any changes in members’ favours. The Government should not mistake the Trustees’ acceptance of the deal for contentment.
Government response summary AI-generated
The government acknowledges the historical conditions and its compensation for former miners, but does not address the committee's recommendation regarding the government's claims about the Trustees' contentment with the pension arrangements.
Summary of the government's response below — read the verbatim text to verify.
Paragraph Reference:
53
Government Response
Not Addressed
HM Government · verbatim extract
Not Addressed
22. The Trustees have been clear that they would prefer to retain the guarantee rather than take 100% of future surpluses. In the changes to the Scheme that they suggested in 2019, which were agreed by the Government, they prioritised the protection of bonuses that had accrued over changing the surplus sharing arrangements.
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