MILL workers from Huddersfield whose pensions were wiped out when their employer went bankrupt are in line for retirement pay from the Government.
The retrospective payouts fought for by Huddersfield MP Barry Sheerman and fellow backbenchers will benefit about 60,000 people around the UK,
These will include former staff of Longwood textile company Joseph Hoyle and Son.
The creation of the £400m fund is part of a Pensions Bill aimed at protecting workers' pensions.
Mr Sheerman has been campaigning tirelessly to introduce a retrospective fund for those who have already lost out.
Hoyles employed about 100 people at the end of its life and shut down in 1996.
While some staff were transferred to its parent company of Lister and Co in Bradford, the latter firm then went bankrupt and left the staff penniless.
"Because they were still working when the company went bust they lost everything," he said.
"Forty-five years of paying into a pension and they had nothing. It was heartbreaking," said Mr Sheerman.
He said people were finally receiving the cash they deserved.
"These people worked all their lives for a decent retirement," he added.
Andrew Smith, Secretary of State for Work and Pensions, announced that the compensation would be paid over 20 years.
