MPs were handed a 10% pay rise on 16 July 2015

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MPs were handed a 10% pay rise on 16 July 2015

Postby tabbycat » Fri Jul 17, 2015 11:36 pm

backdated to last May when MPs took their seats after the general election. An ordinary MP will get £74,000 p.a., up frpm £67,060.
The decision comes after last week's announcement that public sector pay rises would (again) be capped at 1% for the next 4 years.

Ipsa justifies the increase as part of a package of reforms.

What isn't said:
i) that MPs also get office and secretarial allowances, mileage and subsistence, a host of other allowable expenses, free parking, 1st class free travel to Westminster, second home allowances, free postage,.......
ii) becoming an MP requires no academic or professional qualification, exams or practice-placements to pass, no annual appraisals, gatekeeping, sampling or Inspections to pass and prove competency, no external panels to appear regularly before being cross-examined on reports and giving professional assessments verbally,.. Being an MP is not a profession.

Suggested essay title: "Compare and contrast the roles of Probation/CRC practitioners with those of an MP. Evaluate the social worth of each. Conclude with your views on the pay structure differential".
tabbycat
 
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Re: MPs were handed a 10% pay rise on 16 July 2015

Postby tabbycat » Mon Jul 20, 2015 10:24 pm

It gets even worse...

Writing in the Financial Times, John Ralfe, an independent pensions specialist writes,

"(MPs) elected in 2011 have earned an inflation-proofed MP's pension of £23,500 per year, so a 10% pay rise increases it by £2,350. An inflation-proofed annuity paying £2,350 per year from age 65 would cost around £50,000 to buy from an insurance company. The 10% pay rise is therefore the same as an MP elected in 2001 receiving a £50,000 one-off final salary pension "bonus". The total cost to taxpayers of this bonus for all 450 eligible MPs is therefore around £15 million".

Austerity? Not for MPs!
tabbycat
 
Posts: 80
Joined: Sun May 19, 2013 8:38 pm


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