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