MPs' Hidden Perk: £7,000 Pay Rise Equals £85,000 Pension Boost

While the wider public grapple with shortcomings in the new pension regime MPs are coming to terms with an overhaul of their own pension arrangements. That is because under the terms of the switch to the new pension system, when MPs come to take their pension benefits, their years of accrued entitlement will apply to the final salary they earn – whatever it may be in the future.