- How long does a parliamentarian have to serve to earn the peak amount of his/ her pension entitlement
- If he/she retires early does the recipient receive a percentage of the peak amount
- What is the minimum time that has to be served to give an entitlement to any pension
- What percentage of the members' final salary is the peak amount that can be earned.
IPSA is responsible for making a pension scheme for MPs, which the House of Commons Pensions Unit administers, through the Parliamentary Contributory Pension Fund (PCPF). There is also a scheme for Ministers called the Ministerial Pension Scheme, which IPSA is not responsible for. Further information on the PCPF can be found on the Fund’s website: http://www.mypcpfpension.co.uk/.
A House of Commons Library Paper on the MPs’ pension scheme provides full details on the MPs’ pension scheme and its history, and can be found via this link.
A full copy of the MPs’ pension scheme, which provides the entitlement specifications referred to in your request, can be found via this link.
The FOIA states that information that is accessible by other means is not subject to release. Therefore, as the information you have requested is already available on our website, it is exempt from disclosure under section 21 of the FOIA (information accessible to applicant by other means).
For further queries relating to the MPs’ pension scheme, you may wish to contact the Pensions Unit within the House of Commons.