Hyslop Supports Committee Recommendations Supporting Miners’ Pension Fund
Local MSP for the Linlithgow Constituency, Fiona Hyslop, has written to the Scottish Minister for Public Finance, Planning and Community Wealth adding her support to calls that he urge the UK Government to implement the UK Business, Energy and Industrial Strategy Committee’s recommendations to amend funds in the Miners Pension Scheme to ensure fairness for former mine workers. The Miners Pension Scheme established in 1994, meant a 50/50 split in surplus sharing between the miners and UK Government. This means that to date the UK Government has received £4.4 billion, with at least a further £1.9 billion due, whilst paying nothing into the fund. In other words, the UK Government is making an easy profit from no investment. The UK Parliament committee therefore recommended amending the 50/50 surplus sharing arrangements…