O/T pit pension

[villamiller]

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

[Lolmorgan]

Your good lady says she going to do a ViV Nicholson now.

[Ericsladkilnhurst]

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.

[Grist_To_The_Mill]

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

Sounds good. I wonder where they invested it?

[animallittle3]

Sounds good. I wonder where they invested it?

Russian coal producing company's !!!

[CAMiller]

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.

I do hope Arthur is OK and not having to visit the food banks.

[Lolmorgan]

I do hope Arthur is OK and not having to visit the food banks.

I Wonder why he never got a knighthood.

[Grist_To_The_Mill]

Russian coal producing company's !!!

Must be hard finding companies and funds that tick the right (or should that be left) boxes

[millmoormagic]

Must be hard finding companies and funds that tick the right (or should that be left) boxes

The Trustees incorporate environmental, social and governance factors into investment decisions taken in respect of the Scheme’s investments. As every decent investor should......

[Brin]

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

What happens to the pension pot when there are only say a 1000 members left?
Is there a limit to how much pension can be paid to a surging previous contributor? Afterall it’s their pension pot when all said and done.