Altmann: MPs should have DC pensions

Altmann (pictured) said MPs' pensions are "virtually the most generous in the country" with taxpayer contributions amounting to more than £25,000 a year. She said: "I suggest an alternative approach for MPs' pensions. A pension contribution of £25,000 a year should be added to MPs' base salaries, and paid into a new DC [scheme] replacing the current defined benefit scheme. "This would help MPs better understand the issues facing the majority of the population who will only have DC pensions. So far, MPs have been cushioned from the pension changes affecting most private workers." MP...