> after the government raided billions from their pensions.
That’s some important context there – it’s not a hand out, it’s money they **should** have been getting already.
> when the government agreed to end the unjust agreement that allowed it to take half the scheme’s surplus.
The idea with pensions like this is that the surplus from investment funds the pensions – and if the pension does well, the payout increases (and remember, new people aren’t joining this scheme, since the closing of the mines).
> The move mainly affects 40,000 people who had non-mining roles at collieries, more than 5,000 of them women. Similar changes were made last year to the Mineworkers’ Pension Scheme, the main fund with 100,000 members.
For the office staff, to bring it back inline with the main miners pension pot.
1 commento
> after the government raided billions from their pensions.
That’s some important context there – it’s not a hand out, it’s money they **should** have been getting already.
> when the government agreed to end the unjust agreement that allowed it to take half the scheme’s surplus.
The idea with pensions like this is that the surplus from investment funds the pensions – and if the pension does well, the payout increases (and remember, new people aren’t joining this scheme, since the closing of the mines).
> The move mainly affects 40,000 people who had non-mining roles at collieries, more than 5,000 of them women. Similar changes were made last year to the Mineworkers’ Pension Scheme, the main fund with 100,000 members.
For the office staff, to bring it back inline with the main miners pension pot.