Whups will think it's Christmas! ..........

........... Read All About It!

He has already poo poo'ed the idea

tonker we shud have been on that since 1994 . they,ve had 7.5 billion out of the MPS & all we are getting back is 1.2 billion ? were,s the other 6+ billion we are owed ? .

The fund, now worth £1.5 billion, will be handed over to the pension scheme.

Ministers said more than 100,000 former mineworkers will receive £1.5 billion of money kept from their pensions. Following news in Wednesday's Budget, Energy Secretary Ed Miliband confirmed that the move will mean a 32% increase to the annual pensions of 112,000 former mineworkers, an average increase of £29 per week for each member.

LINK

Just think, more tax to pay

we are getting taxed on the paltry amount were on now so at least we.ll get more of our pension .

In 1994 the pension fund trustees confirmed that they would rather keep the Government guarantee rather than have 100% of future surpluses.

you said that it was a 70-30 % split in the miners favour did,nt you gaffer on which you were WRONG so why are you putting anything on about miners ? .i dont believe you .

Page 4 paragraph 22.

Guarantee preferred

70 : 30 split in 1987 and 1990.

Split

Whupsy

Yoo want to thank your luck stars that Robert Maxwell wasn't in charge of your pension fund

TTS

The Equitable Life fiasco was a bigger scandal in terms of money lost. MP’s and judges had their losses made good. Ordinary members, I was one, received 20% of their loss as government compensation.
It was Gordon Brown’s change from a sole regulator to a tripartite system that allowed misdeeds at EL to slip under the radar.

The miners pension has always been 50/50 split

we did,nt take a 20% we took a 50% loss so think yourself lucky. and the deal came in 1994 not 1987-90 gaffer . get it right instead of turning it in your favour . you know it was the government deal in 1994 but your doing it again instead of admitting you were wrong as i,m sure that if tonker reads this he will attest to that fact .

Whups

You don’t read anything that’s more than a couple of sentences long.
The Parliamentary sub committee report in paragraph 22 on page 4 states that the Mineworkers Pension trustees preferred the Government guarantee rather than 100% of future surpluses.
The NUM report under the sub heading 50/50 split of future Scheme surpluses clearly states that the split in 1987 and 1990 was 70:30 in favour of the miners.

The 50/50 split of the surplus funds has only been in place since the 1994 agreement.
Before the 1994 agreement, any surplus was randomly shared between the fund and the government with a 70/30 share (in favour of the fund).
In 1994, the share of 50/50 between the miners and the government was agreed ...... in exchange for the government guaranteeing a minimum pension payment.
That was a dead cert. for the government, as you don't need a chrystal ball to realise that as the pensioners die off the payouts will decrease and the surplus will increase'. But why was the government taking 30% of the miners pension fund surplus prior to them guaranteeing a minimum payment?
I can imagine that the 50/50 share was agreed to on the basis of the 50/50 contributions (from employee and employer) before the fund was closed?

you said it was a 70% 30 % split in favour of the miners of which you were wrong & as always you try & justify your mistakes . typical gaffer reply & if anyone only looks at a sentence then you take the cake . we NEVER mentioned anything pre 1994 but you had to stick your oar in & try to say we were getting something we wernt . you were WRONG & end of .

Whupsy

Gaffer put links on to the official government information about the NCB Pension Funds, you didn't, you are just being an ignorant, offensive no nowt turd

your as stupid as he is . the split was 50-50 from 1994 & he said it wasnt . tonker told him he was wrong & he was . stick to ripping off customers at christmas 1stroke . any turds knocking about it,s the likes of you playing tricks like that & ripping off regulars at christmas .

There's also a difference in ......
70 / 30 share (in favour of the fund) - and
70 / 30 share (in favour of the miners) - and
50 / 50 share (in favour of the fund) - and
50 / 50 share (in favour of the miners) .........

in so much as the miners don't always get a share of what's in the fund.
In other words - 'the fund' is for 'them men' and it lets 'us men' have a sniff of it every now and again!

In another 20 years, or sooner, all the ex-miners will be dee-ud and so will their nexts of kinses. And 'them men' will be like pigs in a trough at feeding time!

If you sit with your mouth open like that for long enough, somebody might shove something in it!

Sorry, I was just so 'shocked' to read that