Government plans to top up the taxpayer’s contribution to MPs’ index linked final salary pensions by £750,000 have been abandoned following the tabling of an amendment by Liberal Democrat MPs’ Vince Cable and Steve Webb.
Liberal Democrat Voice has the full story, whilst Steve Webb gives his own version of events on his own blog.
Steve points out that this victory is still is only a relatively modest change, but hopes that the review body which is looking into the situation will come up with the sort of root-and-branch reform of the MPs’ pension scheme that is needed.
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