MP's pensions should reflect public sector workers, minimum 35 yrs service for a full pension.
MP's pensions should reflect other public sector workers, minimum requirements being:
(1) 35 years service in parliament ( minimum service )
(2) 13.9 % contribution rate for pension in line with other public sector workers
(3) average slaary calculations
(4) no pension if comvicted of criminal offence
( 5) if opt out, no pension payable until 67 yrs of age
Government responseAs this e-petition has received more than 10 000 signatures, the relevant Government department have provided the following response:
The Government transferred responsibility for MPs’ pensions to the Independent Parliamentary Standards Authority (IPSA) in October 2011, after the House of Commons resolved unanimously that it supported the approach to public service pension reform, set out in the final report of the Independent Public Service Pension Commission chaired by Lord Hutton of Furness (the Hutton Report). It also resolved that IPSA should introduce, by 2015, a new pension scheme for hon. Members which is informed by the Commission's findings and their subsequent application to other public service pension schemes. On 22nd October 2012, the IPSA announced a consultation aimed at arriving at a long-term settlement for MPs pay and pensions. IPSA plans to publish further details in Autumn 2013, with changes taking place after the 2015 General Election.
More information can be found at www.parliamentarystandsards.org.uk.
This e-petition remains open to signatures and will be considered for debate by the Backbench Business Committee should it pass the 100 000 signature threshold.
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