General   (General discussion, talk about anything.)

When the scheme was privatised in 1994 it was agreed that the Government would get 50% of the surplus In return for guaranteeing the value of the pensions would not decrease.
Bearing in mind the amount of employer contributions made by the NCB, and the risk taken on by the government, any actuary would probably conclude that it was a fair deal. At the time the Mineworkers union could have secured an actuarial summary of the deal and taken it to court for a judicial review. Why not?