British Coal Staff Superannuation Scheme: Wales
The question
To ask the Secretary of State for Energy Security and Net Zero, what representations he has made to the Chancellor of the Exchequer on the transfer of the British Coal Staff Superannuation Scheme’s Investment Reserve to its Welsh scheme members.
Answered by Chris McDonald
The Department is engaging with HM Treasury with a view to agreeing a way forward on the transfer of the reserve to members.
The Government is aiming to reach agreement on an outcome that can be implemented later this year which will benefit scheme members.
As at 30 October 2024, there were 3,650 members of the British Coal Staff Superannuation Scheme in Wales. Any transfer of the reserve would be used to enhance member benefits.
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