IPSA Publishes Reports on MPs Pay and Pensions
Date published: July 22, 2021
IPSA has today published a technical consultation on the mechanism used for the periodic updating of MPs’ salaries, following on from the statutory consultation we undertook last year.
Last year we left MP salaries unchanged in the light of the extraordinary economic conditions prevailing at that time. We are now consulting on an adjustment to the mechanism that should be used to determine future annual adjustments, rather than on what the amount of any such adjustment should be.
Also today we have published our report on the consultation we held in March 2021 on our proposed response to the McCloud court case, in relation to MPs’ pensions.
We are proposing that provided we can do so in a way that constitutes fair value for money for taxpayers, we should propose changes to the MPs’ pension scheme in the light of the McCloud case. We will therefore develop more detailed proposals on which, provided the value for money test is met, we expect to consult further towards the end of this year.
To respond to the consultation, please do so by Thursday 19 August.
For more details contact IPSA's Press Office.
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Notes to Editors:
To regulate MPs’ business costs and expenses
To determine MPs’ pay and pension arrangements
To provide financial support to MPs in carrying out their parliamentary functions.
IPSA is independent of Parliament and the Government. This allows us to take decisions about the rules on business costs and expenses and on MPs’ pay ourselves, without interference.
Every two months we publish around 25,000 claims for costs and expenses by MPs and their staff. Once a year we publish aggregate data for MPs’ spending and other aspects of their activity.