Source · Select Committees · Business and Trade Committee
Recommendation 18
18
Our recommendations set out equitable arrangements which would go some way to redressing the sense...
Recommendation
Our recommendations set out equitable arrangements which would go some way to redressing the sense of historic injustice felt by the Scheme’s members. The Government must consider them carefully. (Paragraph 67) 26 Mineworkers’ Pension Scheme
Government Response
Acknowledged
HM Government
Acknowledged
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.