Title page
Contents
Summary 4
1. Features of the scheme 6
1.1. Overview 6
1.2. Scheme sections 6
1.3. Pensions for Ministers and senior office holders 8
1.4. Governance 8
1.5. Members 10
1.6. Funding 10
1.7. McCloud judgment and the MPs' Pension Scheme 11
2. Development of the scheme 13
2.1. Parliamentary and Other Pensions Act 1987 13
2.2. Senior Salaries Review Body review 2008 13
2.3. Transfer to the Independent Parliamentary Standards Authority (IPSA) in 2011 14
2.4. Review of public service pensions 14
2.5. Contribution rate increases 15
2.6. IPSA review and reform of the scheme 2012-2015 16
Table 1. Comparison of the MPs' Pension Scheme sections 7
Table 2. Membership on 31 March 2023 10