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Following its recent public consultation, IPSA confirms in this report that MPs' pension contribution rates will increase by 1.85%. The increase will take effect from 1 April 2012. Given the increases in pension contributions in other public service schemes, IPSA has decided that it is appropriate for MPs to pay more into their own pensions. This decision also recognises the vote in House of Commons last year calling on IPSA to increase pension contributions in line with increases in other public service schemes. Unusually, in their current pension scheme, MPs can select the rate at which they accrue benefits - 40ths, 50ths, or 60ths of their annual salary. In recognition of the already high contribution some MPs make to their pensions (11.9%), IPSA has decided to allow MPs to change the rate at which benefits accrue. Should MPs choose to reduce the rate of their accrual, their contributions would be lower but so too the benefits they receive from the taxpayer. The contribution increase is an interim measure as IPSA carries out its longer term review of pay and pensions - a review which will be complete by the end of 2013 and which will make MPs' remuneration sustainable and fair to MPs and taxpayers alike
The Government asked Sir John Baker to review the options for determining MPs' remuneration and to identify an independent mechanism for doing so in future. This followed a Senior Salaries Review Body report on parliamentary pay (2008, Cm. 7270, ISBN 9780101727020). Sir John recommends that the current Senior Salaries Review Body should become the independent body which determines MPs' pay, conduct reviews every four years or so. Consideration should be given to securing its independence by Government undertaking or statute. Pay should be uprated annually by the three month average Public Sector Average Earnings Index on 1 April, using the published PSAEI figure for January of that year. MPs' salary with effect from 1 April 2008 should be £64,634 (an increase of 3.5 per cent plus £650 - this latter sum being that identified in the SSRB report to start bringing the pay into line with the earnings of the public sector comparators). The salary should increase again by the PSAEI annual percentage plus £650 on 1 April 2009 and again on 1 April 2010, thereafter by the PSAEI annual percentage. The independent body should consider MPs' pension arrangements bearing in mind the unusual career pattern of MPs and the evolution of pensions in the public sector and the wider economy. The London supplement for London MPs should be increased to £3,623 with effect from 1 April 2008. Sir John is concerned that the new mechanism achieves the support and trust of MPs, Government and the public. His recommendations are a balanced package which removes the need for MPs to vote on their own pay. He offers alternative pay progression and periodic realignment options should MPS feel the suggested increases are presentationally and politically difficult to accept in the current economic climate.
Once upon a time Britain's pension system was admired around the world. Now, it's in tatters and vast numbers of people face the grim choice of enduring a poverty-stricken future or working until they drop. What on earth went wrong? In The Great Pensions Robbery award-winning journalist Alex Brummer ventures into the corridors of power to find out how politicians bent on penny-pinching, a civil service cowed into submission and individuals more interested in their careers than public service have all taken a part in fatally undermining a 100-year-old system. It's also a story of breathtaking hypocrisy, where those in charge have feather-bedded their own pensions while destroying those of ordinary people. And, as Brummer convincingly argues, we're only just starting to live with the appalling consequences.
Undersøgelse af parlamentsmandatet baseret på svar på IPU-spørgeskema fra 134 parlamenter. Svarene er sammenlignet systematisk med de respektive forfatninger, lovgivning og parlamentsforretningsordener.
The NDP was close to collapse after its disastrous showing in the 1993 federal election. How did a party that once had significant support among voters fall so badly? What are the prospects for the NDP's return as a major presence in federal politics? Journalist Ian McLeod approaches these questions as a party insider who believes that the NDP continues to have a constructive role to play in Canadian politics. His story of the party's decline has been pieced together from interviews with a wide range of key advisors, strategists, former MPs and party members. First published in 1994, Under Siege is an in-depth account of a significant passage in the history of democratic socialism in Canada.
The vast majority of Canadians are blissfully unaware that every man, woman and child in Canada now owes a $35,000 share of government debt and must pay this back, with interest! Make no mistake, this debt will change our country and affect every single Canadian in the decades to come. You may think you have planned for your retirement and are safe, but the government must find a way to recover this borrowed money, and they can only do that by raising your taxes and reducing your hard-earned benefits. How did this debt come about, and why can't we simply pay it off? Pension Ponzi lays the blame squarely at the feet of the politicians who refused to stand up to Canada's public sector unions. The fact is Canada's public sector, which accounts for 20% of the workforce, has been grossly overpaid relative to their counterparts in the private sector with cushy pensions paid for with your taxes and new debt. There is no denying that the country does not have the financial resources to ensure that the next generation of Canadians will have the same standard of living as the ones before it-or to support our growing seniors population. Meeting our public sector pension obligations will break the current social safety net that is a pillar of the Canadian way. Can you escape this bleak future? Can you afford to live longer? Nationally-recognized pension expert Bill Tufts and award-winning journalist Lee Fairbanks explore how this catastrophe came about and then suggest ways that government can fix what's broken, and how you as an individual can protect yourself from the financial calamity that is about to engulf Canada.
operation of the Parliamentary Standards Act 2009 : First report of session 2010-12, Vol. 2: Oral and written Evidence