Watchdog recommends MPs pay rises to £74,000

The Independent Parliamentary Standards Authority has published its recommendations to increase MPs pay to £74,000 in 2015.

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MPs' pension contributions to go up under new pay plan

MPs will have to contribute more to their pensions under new pay proposals that will see salaries rise to £74,000 in 2015.

Read: Watchdog recommends MPs' pay to rise to £74K

The proposals include:

  • A one-off uplift in salary to £74,000 in 2015, an 11% rise on their current salaries.
  • MPs' pay to be linked to average earnings - if they go up, so will MPs'
  • Scrapping of "resettlement payments" worth tens of thousands of pounds per MP - to be replaced with "more modest" loss-of-office payments
  • MPs will pay more into their pensions, putting them on par with those in other parts of the public sector
  • Expenses and business costs will be more strictly monitored, and MPs will no longer be able to claim for their evening meal

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