Quote:
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Originally Posted by Barrie Yates
Is it true that they get a £30K golden handshake when they get booted out by their constituents - even after only one election period ?
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It's all here Barrie.
Pages - MPs' pay and pensions home
I reckon that's why cmon hasn't been on for a while, he's reading and digesting in order to give a considered opinion, rather than just cutting and pasting.
Data from the House of Commons show that the cost of resettlement was £3.2
million in 2001 and £5.3 million in 2005. No aggregate figures have been published for
2010, but given the large turnover of MPs at that election (225) and the relative length
of service of the MPs who left, the figure may have been as high as £13.3 million. At
the 2001 and 2005 elections, MPs received, on average, 60-64% of their final salary.
Typically, around 70 MPs lose their seats after standing at a General Election. Were this
to happen in 2015, and MPs received £33,530 on average, the cost to the taxpayer
would be £2.1 million, under the interim rules.