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Thread: Members of Parliament

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    Members of Parliament

    MPs' hidden perk: £7,000 pay rise equals £85,000 pension boost


    You thought MP pension perks were being watered down? This chart shows how many will still see existing generous final salary benefits surge in value. While the wider public grapple with shortcomings in the new pension regime MPs are coming to terms with an overhaul of their own pension arrangements.

    From last month their exceedingly generous, final salary-linked schemes will be superseded by a less generous system under which their retirement income will be linked to their “career average” salary.

    They will also have to contribute more from their own pockets.

    Not all will be touched. Those MPs over 55 stay in the old, generous scheme, while MPs aged 52‑55 can choose.

    But even for those younger than 52 the change is not too draconian.

    That is because under the terms of the switch to the new pension system, when MPs come to take their pension benefits, their years of accrued entitlement will apply to the final salary they earn – whatever it may be in the future.

    So if the controversial proposals to raise MPs’ wages from £67,060 to £74,000 are effected, all MPs retiring at that higher salary will have their existing entitlements applied at that level.

    Say an MP has served 15 years (see graphs). The pension builds at a rate of 1/40th of final salary, giving 15/40ths or 37.5pc of final salary.


    If he or she retired before the increase, their starting pension would be £25,148.

    If they retire after the pay rise, they would get the same 37.5pc of the higher sum – £27,750.

    This comes even though they had not contributed further to the scheme. In fact, they would be accruing separate, additional benefits under the “career average” arrangement.

    MPs’ pensions are, furthermore, generous in offering inflation-linked payments and benefits for spouses after the pensioner’s death. The graphic shows how much such benefits might cost a 65-year-old who uses the proceeds of a common, money-purchase pension to buy an annuity from an insurer. While the £25,148 pensions would cost £880,000, the £27,750 pension would cost £965,000 – a difference of £85,000.

    MPs, like all final-salary pension recipients, also benefit when it comes to the lifetime allowance for pension savings. From April 2016 this will expose pension pots exceeding £1m to penal taxation.

    Because final salary pensions are valued for the purpose of the cap simply by multiplying the starting income by 20, it is possible for MPs to enjoy a far higher pension than other, “money purchase” pensioners, before falling foul of the tax.

    The Independent Parliamentary Standards Authority points out that the cost of an annuity is an unfair comparison, because it includes profit for the insurer as well as the cost of the risk.


    The Telegraph.

    Continuous financial cuts and decades of austerity for the native people, all to pay useless stone-age invaders to come, invade and conquer our countries.

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  3. #2
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    It's no wonder all those 'Right Honourables' do as they're told!


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    Baldwin, 57, was first elected in 2010. Since then she has claimed a huge £1.1 million in expenses, including 60 payments of under £2, one of which was 45p for a one-mile car journey.

    R T.

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    Senior Member SaxonPagan's Avatar
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    The list of 'perks' is almost endless and even the Westminster canteen is heavily subsidised by the taxpayer because these parasites don't feel that they should pay for their own meals!

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    Quote Originally Posted by Godwinson View Post
    It's no wonder all those 'Right Honourables' do as they're told!

    Wanting to simply know the truth, I calculated this from info. on Wikipedia:

    Jews in British population = 0.42%
    Jews elected to British Parliament = 1.85%

    Over-represented 4.4 times

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    Senior Member SaxonPagan's Avatar
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    Those totals seem very low to me. Here is an article saying they are 8 times over-represented ...


    I think you have to look into who is financing our mainstream parties though

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    Senior Member SaxonPagan's Avatar
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    Let's deal with Labour first and here is an extract from an article by Gilad Atzmon, who is himself Jewish ...

    The numbers are shocking. “In the run-up to last May’s General Election, the Jewish community donated almost one-third of the £9.7 million that Labour received from private donors – and that despite recoiling from Labour’s parliamentary vote to recognise Palestine.”

    British Jews who make up less than 0.5% of the British population raised a third of the funds for Labour’s campaign and this occurred at the time Jews were institutionally separating from the politics of Labour’s PM candidate, Ed Miliband.

    These huge donations explain Corbyn’s embarrassing behaviour at his meeting with the Jewish Lobby. The Labour party is evidently dependent on the shekel pipeline. The numbers reveal why Labour has been hijacked by Jewish interests. Whether or not we like it, our leading opposition party is a hostage begging for the mercy of few wealthy Jews.

    During the Tony Blair years, Lord Michael 'Cashpoint' Levy was Labour's chief fundraiser and he brought in over £40m. to the party over this period.


    and also ...

    Jewish restaurant tycoon Richard Caring was the biggest donor to the Tory Party in past few months. According to figures released by the Electoral Commission, Mr Caring – who is reported to be worth more than £800m and owns famous London restaurants including the Ivy, and Le Caprice and Annabel’s nightclub – donated £296,000 to the political party in the third quarter of 2015.

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    The MPs’ expenses scandal has been running for years but those parasitic leeches in the House of Lords (that we don’t even need!) are just as bad ...

    A peer kept a taxi waiting outside the House of Lords so he could dash inside to qualify for a £300 daily allowance, a former Speaker of the Lords has claimed.

    Baroness D’Souza, who stepped down as Lord Speaker last year, told a BBC documentary that many peers “contribute absolutely nothing” and attend only to take advantage of the daily attendance allowance.


    300 quid a day - just for turning up!!!

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    Election 2017: More than half of MPs educated at comprehensive schools, finds study

    The number of state-educated MPs sitting in the House of Commons has risen to a record high, new data has revealed. MPs educated at comprehensive schools now make up 51 % of the Commons - the highest number since Sutton Trust began recording figures.

    The report by the social mobility think-tank found 29 % of MPs in 2017’s Parliament were privately educated, while 18 % attended grammar schools.

    While the figures reveal undeniable progress in equal opportunities, the report also found one in ten 10 % MPs had attended Eton, one of the UK’s most exclusive public schools.

    Conservative MPs were disproportionately privately educated, with 45 % attending private schools, compared to 14 % of their Labour counterparts.

    The data found 86 % of MPs to be university graduates, with 23 % attending Oxford or Cambridge.

    “This report shows that educational background is still a strong determinant of opportunity to become an MP,” the authors wrote. “With independent and grammar schools still disproportionately attended by the better off, there is still a long way to go until there are truly equal opportunities in society.”

    However, Parliament now has more black and minority ethnic (BAME) MPs than ever before. Ten new MPs from non-white backgrounds were elected in Theresa May's snap election, taking the total from 41 to 51 sitting in the Commons. While this is still only around one in 13 MPs, it means the Commons is now more diverse than in any previous Parliament.The new MPs include Labour’s Preet Gill in Birmingham Edgbaston – the first ever female Sikh MP. Slough’s new representative, Tanmanjeet Singh, also of Labour, becomes the first turban-wearing Sikh to sit in Parliament.

    The new Parliament will also have a record number of women – up to 208 from 191 in the last Parliament, but still only 32 % of the total. Four of the new female MPs are black women – a group that has traditionally been hugely underrepresented in Parliament.


    INDEPENDENT


    Eton College (is an English independent boarding school for boys in Eton, Berkshire, near Windsor. It educates more than 1,300 pupils, aged 13 to 18 years.
    Eton College’s fees are £37,062 a year.

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    Senior Member SaxonPagan's Avatar
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    I came across the following document just now showing who is donating cash to the deputy leader of the Labour Party, Tom Watson ...


    ... for anyone wondering, Messrs. Chinn & Gerrard are Jewish so he's clearly an(other) MP who is controlled by foreign interests.

    The basic salaries you quoted in the OP are interesting, Jagd, but they're only the tip of the iceberg once you add on the 'expenses' and 'personal donations' such as those above ^ which in Tom Watson's case (along with many others, I'm sure!) are adding about another 25k a year (tax-free?) to the total.

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