SCHEDULES

SCHEDULE 6Parliamentary and other pensions

Part 1Parliamentary and other pensions

MPs' pension scheme

Procedure for MPs' pension scheme

I115

1

Before making a scheme under paragraph 12 the IPSA must consult—

a

the Treasury,

b

the Minister for the Civil Service,

c

the trustees of the Fund,

d

persons the IPSA considers to represent those likely to be affected by the scheme,

e

the Government Actuary,

f

the Review Body on Senior Salaries, and

g

any other person the IPSA considers appropriate.

2

The IPSA must send to the Speaker of the House of Commons for laying before the House of Commons—

a

any representations made to it by the trustees of the Fund in response to consultation under this paragraph,

b

any scheme made by it under paragraph 12, and

c

a statement of the reasons for making the scheme.

3

When the scheme and the statement of reasons have been laid, the IPSA must publish them in a way it considers appropriate.

4

The reference in sub-paragraph (1)(f) to the Review Body on Senior Salaries—

a

if the name of the body is changed, is to be treated as a reference to the body by its new name, and

b

if the functions of the body (or substantially corresponding functions) become functions of a different body, is to be treated as a reference to the body by which those functions are exercisable.

5

Any question arising under sub-paragraph (4) is to be determined by the Speaker of the House of Commons.