General   (General discussion, talk about anything.)

Whups

The Inland Revenue rules that pension fund surpluses should be taken out of schemes and distributed between employers and employees. In the private sector surpluses were distributed in favour of the employer up to a 70 30 split.
In the MPS up to 1994 the split on a surplus was 70% in favour of the miners. After 1994 the split was 50 50.
There was no change to the MPS fund. If you were ‘robbed’ it was for 20% of the surplus of the fund at a valuation date which was nowhere near half of your pension. In your case it is length of service that has been the the more determining factor in the value of your pension.