General   (General discussion, talk about anything.)

Whups

The below paragraph clearly states that the 70:30 split was acted upon. If you think it reads differently you’ve got a problem.
There’s no point in twisting the facts to suit your stance on a situation because it just makes you look like the village idiot.

10. At both the 1987 and 1990 valuations, the Scheme was in surplus.19 On both occasions a 70:30 split (in favour of members) was agreed.20 The 30% surplus taken by British Coal equated to the cost of its contributions holiday.21 The 50:50 split of surpluses agreed in 1994 was also applied to the £813m surplus determined in the 1993 valuation.22
11. The 70:30 split agreed in 1987 and 1990 has subsequently prompted questions about why members’ entitlement was reduced to a 50:50 split from the 1993 valuation onwards.23 In response, the Government has highlighted that the 70:30 splits in 1987 and 1990 were agreed on the basis of the Scheme’s performance at those specific valuation points, and therefore did not constitute “a fixed arrangement”.