Source · Select Committees · Business and Trade Committee
Recommendation 15
15
The Government’s guarantee has undoubtedly benefitted the Scheme’s members by providing vital security that the...
Conclusion
The Government’s guarantee has undoubtedly benefitted the Scheme’s members by providing vital security that the value of pensions will not decrease. However, the price of this guarantee is no longer fair. (Paragraph 64) Mineworkers’ Pension Scheme 25
Government Response
Not Addressed
HM Government
Not Addressed
The Government continues to believe that the arrangement agreed in 1994 was fair and beneficial to both Scheme members and taxpayers. Scheme members have rightly shared in the benefits but the Government has taken on all the risk.