The NUM formally write to request a Select Committee hearing into MPS Guarantee.

The NUM has been working with a group of supportive Labour Party MP’s in preparation to request a Select Committee hearing into the Mineworkers Pension Scheme (MPS) Government guarantee and the 50/50 surplus sharing arrangement. The NUM has held back from submitting a formal request as we were aware from comments made by the Minister in a recent parliamentary backbench debate (arranged by Grahame Morris MP) on the MPS that proposals had been put to him by the MPS Trustees. Proposals which he was referring to the Treasury with his support. As the NUM were not aware what these proposals were but had been told that the MPS Trustee Chairman (MR C Cheetham) would be shortly writing to members to explain.

Well the Chairman of the MPS Trustees has now written to all MPS members and it appears as if nothing has so far been agreed with the Government. Given what can be gleaned from the letter as to what proposals have been put forward if agreed it will have no meaningful effect on pensions until at least 2023. For this reason the NUM have now formally written to Rachel Reeves MP Chair of the Business, Energy and Industrial Strategy Select Committee requesting that her committee hold a hearing into the MPS to determine whether retired miners and their widows and dependants are receiving a fair share.

READ NUM LETTER HERE