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<h2><strong>coal pensions, british coal pensions, bcsss, bcsss pensions, coal
pension trustees, superannuation, british coal staff, superannuation pension
scheme</strong></h2>
<h2>Scheme information for members of the British coal staff superannuation scheme.</h2>
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<p>The Scheme operates as a pension trust and responsibility for its management
lies with the Scheme’s Trustee. The Trustee is Coal Staff Superannuation
Scheme Trustees Limited (CSSTL). The bcsss, bcsss pensions eight directors of
CSSTL form the Scheme’s Committee of Management. The Guarantor appoints
four members of the Committee and four are Pensioner Representatives elected
by Scheme members from four geographical constituencies. The period of office
for Pensioner Representatives is three years. Elections are staggered so that
there are elections in two of the four constituencies coal pension trustees,
superannuation at intervals of 18 months. The Guarantor appoints the Chairman
of the Committee of Management after consultation with the Committee. The Trustees
are able to coal pensions, british coal pensions claim payment for their work
as members british coal staff, superannuation pension scheme of the Committee.
Details of the fees payable are contained in the Scheme’s Annual Report
and Accounts.</p>
<p>For convenience, members of the Committee of Management are usually british
coal staff, superannuation pension scheme referred to as “the Trustees”.
Regardless of whether Trustees are appointed by the Guarantor, or elected, each
of them has a duty to consider the interests of all members and beneficiaries.
They do not represent the interests of pensioners, deferred members or indeed
the Guarantor to any extent greater than other interests in the Scheme. The Trustees
are responsible for the financial management bcsss, bcsss pensions of the Scheme,
including investing the Scheme’s monies, and for ensuring that benefits
are paid in accordance with the Rules of the Scheme. The duties and powers of
the Trustees are set out in the Scheme and Rules. The Scheme and Rules was substantially
amended in 1994 to provide for new coal pensions, british coal pensions management
arrangements, which were put in place coal pension trustees, superannuation as
a consequence of the privatisation of British Coal. These new arrangements took
effect from 31 October 1994 when most of the functions of British Coal in respect
of the Scheme were transferred to the Secretary of State for Trade and Industry
who acts as Guarantor to the Scheme.</p>
<p>The payment of widows’ and widowers’ pensions and children’s
allowances is dependent on the contributor having paid family benefit contributions.
Generally, only the period for which family benefit contributions were paid counts
as reckonable service for these benefits. The provisions for the payment of family
benefit contributions have changed substantially since the Scheme was established.
BCSSS members can complete an "election and declaration" under Rule
28A of the Scheme nominating the person or persons they would like to receive
any cash sum payable on their death. Cash sums are coal pension trustees, superannuation
payable in bcsss, bcsss pensions respect of members who die before their pension
has come into payment or who die within the ‘guarantee period’ (five
years for most members) after their pension starts. The ‘election’
gives the Trustees a discretionary power to pay any cash sum on death to a relative
or dependant rather than to the coal pensions, british coal pensions deceased
member’s estate. The ‘declaration’ tells the Trustees who the
member would like to receive the cash. Whilst the Trustees are not bound by such
declarations they will usually be british coal staff, superannuation pension
scheme able to coal pension trustees, superannuation follow the member’s
wishes. Once made, the election is irrevocable, but the nomination can be changed.
If you have already made a ‘Rule 28A’ nomination it is a good idea
to bcsss, bcsss pensions think about whether it needs updating. If you have not
made a nomination, then you may like to think about doing so. A newly completed
nomination form will replace any previous nomination. In order to coal pensions,
british coal pensions reinforce the confidentiality of the nominations, members
completing new forms are asked to return them in sealed envelopes, which will
be held separately from their personal superannuation file, and will only be
opened in the british coal staff, superannuation pension scheme event of their
death. </p>
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