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

18th May 2012
:: Blog | April 2009 (9 blogs) | Taxpayers hit again for extra pension contributions

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Taxpayers hit again for extra pension contributions 
 
On Monday, (30th March, 2009), Harriet Harman announced that MPs’ pay was to rise by 2.3%, with ministers’ wages remaining static for the second successive year. Strange then that in another announcement, the Commons Leader should reveal that MPs are to be asked to increase their member contributions into their defined benefit scheme by 1.9%.
 
So, in fact the taxpayer is paying for the increase simply by increasing their wages to cover the cost of the extra pension contribution – or am I missing something?  In addition, taxpayers, who underpin the scheme currently pay 26.8% of MPs’ pensionable salaries into the ‘pot’ – and that too is to rise to 28.7%, equivalent to nearly an extra £1m a year.
 
I wouldn’t mind, but the amount of times I’ve bought an MP a pint and not had one back in return… See:
Mike Jones, MyCompanyPension.co.uk Ltd, April 1st 2009
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 

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