Thursday, February 9, 2012

MPs' pay frozen at �65,738 for a second year

Ministers told their circumstances should more closely reflect those experienced by the rest of the country

MPs' pay is to be frozen at �65,738 for 2012/13. The Independent Parliamentary Standards Authority (Ipsa) also recommended a 1.85% increase in MPs' pension contributions. It said it would consult on a 1% pay rise for 2013/14 and 2014/15.

The Ipsa chairman, Sir Ian Kennedy, said: "We must be mindful of the conditions in the rest of the public sector where pay has remained static and where settlements will see most people pay more into their pensions. I believe it is right that we act so that MPs' circumstances more closely reflect those experienced by others."

Ipsa's decision means MPs' pay will be frozen for a second year in succession. Last year, the Commons agreed to forgo a 1% rise after David Cameron said they should turn it down.


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Source: http://www.guardian.co.uk/money/2012/feb/08/mps-pay-frozen-second-year

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