MPs have passed a motion transferring the responsibility for setting their pension payments to the Independent Parliamentary Standards Authority (IPSA).
The motion, presented by leader of the House Sir George Young, adds pension responsibilities to the pay-setting duties IPSA already has. MPs will no longer vote through their own pension increases or decreases. The motion also means MPs will face the same increases to contributions as all other public sector employees. Other public sector workers face increases to their contributions, a shift from final salary to career average arrangements, and later retirement dates than previously agreed. The motion does not change the legal duty of the trustees of the scheme, who will still adm...
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