This petition was submitted during the 2010-2015 parliament
Petition Convert MPs Pensions to Money Purchase Scheme
More details
Currently many firms are scrapping final salary pension schemes, this will become a time bomb for the future, with many struggling when they get to retirement. MPs should also switch to a money purchase pension scheme, typical provided within industry 2% employee contribution and 8% employer contribution. This may make them realise the uncertainty this type of pension scheme gives. If changes are introduced, encouraging firms to re-instate final pension schemes via tax incentives for instance and take up of these sorts of schemes improves, the MPs can have their generous pension back.
This petition is closed This petition ran for 12 months
13 signatures
Show on a map the geographical breakdown of signatures by constituency
10,000 signatures required to get a government response