- Helping members of occupational pension schemes to better understand their benefits.

20th June 2019
:: Blog | May 2009 (9 blogs) | If itís good enough for MPsÖ

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If it's good enough for MPs...
With parliamentarians’ expense claims hogging the news headlines, The Times takes the opportunity to scrutinise the generous benefits on offer to MPs. Of course, this includes their defined benefit pension scheme.
The article doesn’t understate the value of this either, quoting: ‘…the most expensive, and most generous, of MPs' perks is their extraordinary pension. Generous by any measure, compared with the private sector system, the MPs' scheme is bounteous.’
It then outlines what an average MP would receive after completing just two terms of office – a maximum of 10 years service – revealing that it would take a pension fund of £400,000 to provide the accrued pension. See:
Mike Jones, Ltd, May 14th 2009

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