British Coal Staff Superannuation Scheme
The question
To ask the Secretary of State for Energy Security and Net Zero, when his Department expects to reach a decision on the potential transfer of the British Coal Staff Superannuation Scheme reserve; and if he will publish a timeline for implementation.
Answered by Chris McDonald
The Chancellor announced in the budget the transfer of the full reserve of £2.3bn which will increase member incomes by 41%.
Implementation is a matter for the Trustees but we understand they have put processes in place so that the first payments will be made on 23 December.
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