UK - MPs are set to undergo the same pensions reform as the wider public sector and have a new scheme imposed on them by 2015, it was announced yesterday.
Leader of the House of Commons Sir George Young told MPs yesterday parliamentary pensions will be reformed according to the final report of Lord Hutton's Independent Public Service Pensions Commission, which was presented in March.
This means MPs stand to contribute more into their schemes, work longer and move from final salary to career average provision.
In addition all future responsibility for MPs' pensions will be transferred to the Independent Parliamentary Standards Authority after Young proposed commencing the relevant sections of the Constitutional Reform and Governance Act 2010.
Young will table a motion - before the House rises for summer recess - to invite the Commons to support the approach to public service pension reform set out in Hutton's final report.
He said: "We have consistently made clear that parliamentary pensions must be reformed in the light of the commission's findings and subsequent application to other public service schemes.
"There is no case for MPs being treated differently from other public servants on this issue."
The motion will also propose that IPSA introduces a new pension scheme for MPs by 2015, informed by the commission's findings, and their subsequent application to other public service pension schemes.
And it will invite IPSA to increase contribution rates for honourable members from 1 April, 2012 in line with changes in pension contribution rates for other public service schemes.
"Once responsibility for MPs' pensions has been transferred to IPSA, MPs will have finally relinquished the power to set the terms of their own remuneration. Given the failure of self-regulation, which so damaged Parliament's reputation, this represents a significant step in drawing a line under the problems of the past and rebuilding public confidence," Young said.
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