Still Stealing Our Money!

Taxpayers will be forced to pay millions to bail out the gold-plated pension scheme for the parasite mps.

The announcement was made by Commons Leader harriet harm-man yesterday.

While taxpayers will put in an extra £800,000 a year, MPs themselves will be asked to find just an additional £60 a month for what is one of Britain’s most generous schemes
The timing of Miss harm-man’s proposals has prompted bewilderment, coming after days of controversy over MPs’ expenses claims.

Taxpayers already pay 26.8 per cent of an MP’s pensionable salary into their pension pot but that will rise to 28.7 per cent from today.
That means taxpayers will have to fork out an extra £800,000 a year to fund MPs’ final salary pensions – though Miss harm-man made no mention of that in a statement to Parliament.

Like many pension schemes, the MPs’ fund faces a £51million deficit, largely because its members are living longer.
To plug the gap, Miss Harm-man said the Government wanted MPs to hand over an extra 1.9 per cent of their salary, equivalent to around £60 a month.

The Treasury, meanwhile, would increase its annual contribution from £12.4million to £13.2million.
In 2002, MPs voted to increase their pension accrual rate to one fortieth of salary for every year worked.
The result is that after just 20 years’ service, an MP can retire with annual pension of half their £65,000 salary

WORDS FAIL ME!