The Independent Parliamentary Standards Authority (IPSA) has made the decision to suspend plans to increase the amount that MPs have to pay towards their pension scheme.

At a time when other government officials and members of the armed forces are facing an increase in their contributions, MPs will no longer face a 1.85 per cent increase in contributions which was due to start this April.

MPs are entitled to join the MPs pension scheme which provides a pension from the age of 65. MPs accruing at 1/40th of pay, have to pay 13.75 per cent of their gross pay, whilst those accruing at 1/50th of pay, have to pay 9.75 per cent of gross pay. MPs accruing at 1/60th have to pay 7.75 per cent of gross pay.

Public and Commercial Services (PCS) general secretary Mark Serwotka said: “Rank and file civil servants, whose pay and pensions are being cut by this government and whose basic terms and conditions are all under threat, will wonder what makes MPs so special that they deserve preferential treatment. This will fuel the sense that hard-working public servants are being punished while politicians and those that caused our economy to collapse are being let off the hook.”

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