Sherwood Forest MP welcomes Budget announcement on miners' pension funding
More than 1,100 former mineworkers across Sherwood Forest will receive a significant uplift in their weekly pension, overturning an historic injustice and ensuring fair payouts for years to come.
Following the announcement by the Chancellor in the Budget on the British Coal Staff Superannuation Scheme (BCSSS), energy secretary Ed Miliband MP (Lab) confirmed that the move will mean a 41 per cent per cent boost to the annual pensions of 40,000 former mineworkers across the UK – an average increase of £100 per week for each member.
The trustees of the scheme are expected to make the first uplifted payments to members before the end of the year, with payments backdated to coincide with when the changes were implemented to the Mineworkers’ Pension Scheme.
Sherwood Forest MP Michelle Welsh (Lab) said: “For too long former miners have had to wait for the pension settlement they deserve.
“Labour is delivering what is rightfully owed back to mining families.
“This is a victory for the relentless campaigning of communities here in Sherwood Forest.”