Miners' Pensions

• Captain Haddock

  • Location: Marlinspike Hall
  • Registered: 8 Oct 2012
  • Posts: 8,128
  25 November 2016     00:35321009
  #1       report
  Just been reading about the Miners' Pensions and I can't honestly see what they are are moaning about.
  
  http://www.bbc.co.uk/news/uk-wales-politics-37986756
  
  Can anyone help?
  
  They are all getting their pensions based on final year salary and linked to RPI PLUS 50% of the [U]bonus[/U] from the [U]surplus[/U] earned by their fund (HMG takes the other 50% as a sort of insurance premium as they have guaranteed all future pension payments).
  
  Looks like a pension arrangement most of us can only dream of?
  howard mcsweeney1 likes this
  "We are living in very strange times, and they are likely to get a lot stranger before we bottom out"
  Dr. Hunter S Thompson
• Button

  • Location: Dover
  • Registered: 22 Jul 2016
  • Posts: 3,061
  25 November 2016     08:12321013
  #2       report
  Looks like investments we can only dream of if the fund is in surplus because of out-performance rather than earlier-than-expected death of miners and their beneficiaries.
  howard mcsweeney1 likes this
  (Not my real name.)
• Paul M

  • Registered: 1 Feb 2016
  • Posts: 393
  25 November 2016     14:59321034
  #3       report
  On behalf of all taxpayers I demand an Inquiry into this injustice!
• Button

  • Location: Dover
  • Registered: 22 Jul 2016
  • Posts: 3,061
  28 November 2016     16:41321263
  #4       report
  Just read on the BBC news site that the Post Office pension fund is also in surplus by >£143m. Have to say I'm seriously impressed.
  (Not my real name.)