British Coal Pensions
EDM number 268 in 1992-93, proposed by Dennis Skinner on 16/06/1992.
That this House condemns British Coal's recent decision to take ú435 million out of the Miners' Pension Fund in the form of a pension holiday till the year 2001; draws attention to the possibility of private predators using the surplus cash to buy the industry with miners' deferred wages; further points out that the decision to fleece the miners' pension fund was only made possible by the vote of the Union of Democratic Mineworkers; and demands that the 435 million should be used to increase all beneficiaries' pensions by an average of 16 per cent. per week.
This motion has been signed by a total of 61 MPs.
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