Caroline Flint

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Caroline backs review of Mineworkers Pension Scheme

CF_mps_intervention_150219.JPGCaroline Flint, MP for Don Valley, yesterday backed changes to the Mineworkers' Pension Scheme; as MPs stepped up a cross-party effort to have the scheme reviewed by the Government.

In a debate led by Barnsley East MP Steph Peacock, Caroline called for a review into the scheme twenty-five years after it was first set up in 1994.

Said Caroline: “Many people in Doncaster share the same concerns as those in her constituency in Barnsley. Does she agree that when the scheme was first set up the balance of risk was different? What we know now, all these years since 1994, that at the very least a review to look at the balance of risk being fairer in the future.”

In response to the debate, Business, Energy and Industrial Strategy Minister Claire Perry MP said that the Government would “continue to explore options” and expressed her willingness to “do that on a cross-party basis with all Members who would be interested in doing so”.

Speaking after the debate, Caroline said: “I was pleased and proud to speak in a debate alongside many of my Labour colleagues, arguing for the Government to look again at the Mineworkers Pension Scheme.

“The Government in its role as guarantor of the scheme has meant the Treasury has pocketed £4.4 billion directly from the scheme since 1994.

“Labour in our 2017 manifesto promised an immediate review into the Scheme and whilst the Minister fell short of promising a review, I was pleased that she committed to keep looking at this issue

Read the transcript of the debate here.

Watch Caroline’s intervention here

Want to know more?  A House of Commons Library briefing on the Mineworkers Pension Scheme can be found here.

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