§ Chris GraylingTo ask the President of the Council what provisions for hon. Members' pensions were in place in 1974; and what provisions there were in relation to former members of the armed forces in the House. [21491]
§ Mr. Robin CookPension provision for hon. Members is made from the Parliamentary Contribution Pension Fund, established by the Ministerial Salaries and Members' Pension Act 1965. The provisions in place for hon. Members' pensions in 1974 were made under the Parliamentary and other Pensions Act 1972. This provided for pensions based on one-sixtieth of the final year's salary for each year of reckonable service on completion of a minimum of four years reckonable service when they retired on or after age 65. The Act also provided for a862W death in service lump sum, typically of one year's pay. Members were required to pay contributions of 5 per cent. of pay.
No special provisions are made for former members of the armed forces in the House.