The Independent Parliamentary Standards Authority (Ipsa) has recommended a 1.85% increase in MPs' pension contributions.
MPs retire on an average pension of £21,364, which is five times more than health service workers.
MPs' pay could climb by 40 per cent to £92,000 under pensions review.
Funding the parliamentary scheme currently costs 32.4 per cent of the payroll, and two-thirds of that bill - £8.5 million per year -is footed by the taxpayer.
The Independent.
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But which Tax Payer is footing the Bill?
Miners receive an average of £9,000
The MPS has no funds to ensure a rise until 2015 at least, but the Government have taken millions from our reserve funds, the trustees are remunerated by the Government, surely that is a conflict of interest? The trustees are now on £16,250 for four meetings per year, there are 20 trustees in both schemes with only 4 needing to attend these meetings, and the others are still paid.
Quote from Tom Christopher
MPS BCSSS conflict of interest, Petition organiser
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Lord Truscott Approves Pension Robbery
http://www.minersadvice.co.uk/pensiontheft.htm
We shouldn't be surprised when the great and powerful do the dirty on the poor and working class, but it still hits hard when you see blatant injustice done. Lord Truscott has been looking at the case presented by the Miners Pension trustees, the Coal Community Campaign, Mick Westwood and the Cannock Chase Miners and many others, for a renegotiation of the return the government take from the miner's pensions.
The 'surplus' share-out, the profits accrued by the fund now stand at £8billion. It was never envisaged that either the NCB or its subsequent government guarantors would ever be allowed to cream off such profits from the miner's pension investments. This was supposed to be their contribution into the fund, instead not only have they not invested their share, they now demand and take 50% of the profits accrued by our shares investment. Few believed the Government would be so bare faced as to actually allow the theft to carry on, and on such a scale. We expected that there would be a re-juggling and while they would still keep fortunes, some of the ill-gotten gains would be ploughed back into our pensions, which is where they were supposed to go in the first place. The noble lord after due consideration of all the money involved, the needs of the pensioners and the justice of the deal, now reaches the conclusion that 'the taxpayer' shouldn't be expected to stand 'the loss'. Erm... excuse us, 'the taxpayer'?
Not one penny piece of this money came from 'the taxpayer' other than ourselves, it was never intended that our fund be used to offset the tax burden of the population at large, who never contributed into it.
A personal View from David Douglass
This is not just a Tory Bash, Labour are just as guilty, they made promise's that have never been kept.

"My New Year's Resolution, is to try and emulate Marek's level of chilled out, thoughtfulness and humour towards other forumites and not lose my decorum"