Your good lady says she going to do a ViV Nicholson now.
Just been awarded a 4.2 % pay rise guaranteed for the next 6 years ....I love my pit pension ...a 1.5 billion surplus in the pension funds value ....someone is doing something right
Your good lady says she going to do a ViV Nicholson now.
The government is the guarantor to the miners pension fund, who take quite a sum out of the scheme, but with it being a bonus pay rise the government don't take any money.
But with quite a few pensioners on benefits, such has council tax & rent rebate, the rise in the miners pension will be counted in their income, so they don't gain anything, what ever bonus they get will be wiped off.