Select Committee on Parliamentary Contributory Pension Fund First Report


APPENDIX B

Membership at 1 April 2005

TABLE 1—MEMBERS OF PARLIAMENT PARTICIPATING IN THE SCHEME


Number of MPs participating in PCPF at 1 April 2002
655


New members 2002-05:
  MPs elected4


Members leaving active status 2002-05:
  Leaving with deferred entitlement (2)
  Deaths(2)


Number of MPs participating in PCPF at 1 April 2005
655


Other statistics at 1 April 2005
  MPs' pensionable pay (p.a.) £59,095
  Total of accrued pensions
(p.a.)£13.2m
  Average accrued pension
(p.a.)£20,100
  Average length of pensionable service* 16.8 years
  Number of MPs who have opted for 1/40th accrual 587
Not including any benefits earned in respect of service as an office holder
*Including transferred-in service and added years contracts


TABLE 2—OFFICE HOLDERS PARTICIPATING IN THE SCHEME


Number of office holders participating in PCPF at 1 April 2002
116


New members 2002-05:


Office holders appointed (and posts becoming pensionable)
55


Members leaving active status 2002-05:
  Retirements(2)
  Deferred pension entitlement only (2)
  Deferred pension entitlement but still an MP (22)
  Transfers out(1)
  Deaths(1)


Number of office holders participating in PCPF at 1 April 2005
143


Other statistics at 1 April 2005


  Aggregate pensionable salaries of office holders (p.a.)
£5.8m
  Total of accrued pensions
(p.a.)£0.7m
  Average accrued pension
(p.a.)£5,00
  Number of office holders accruing benefits at 1/40th 131
Not including benefits earned in respect of service as an MP


TABLE 3—FORMER OFFICE HOLDERS STILL SERVING AS MPs


Number of serving MPs at 1 April 2002 with deferred entitlement to office holder benefits
113


Members joining category 2002-05:
  MPs leaving office holder status 22


Members leaving category 2002-05:
  Resumed active office holder status (11)
  Stepped down as an MP(1)
  Deaths(1)


Number of serving MPs at 1 April 2005 with deferred entitlement to office holder benefits
122


Other statistics at 1 April 2005


  Total of accrued pensions
(p.a.)£0.4m
  Average accrued pension
(p.a.)£3,300
Not including benefits earned in respect of service as an MP


TABLE 4—MEMBERS WITH DEFERRED PENSION ENTITLEMENT

(NOT INCLUDING DEFERRED OFFICE HOLDER ENTITLEMENTS

WHERE MEMBER IS STILL SERVING AS AN MP)


Number of deferred members at 1 April 2002
233


Members joining category 2002-05:
  Members leaving active membership 4


Members leaving category 2002-05:


  Awards of pension (on reaching retirement age)
(54)
  Awards of pension (on ill-health grounds) (2)
  Transfers to other schemes(3)
  Deaths(1)


Number of deferred members at 1 April 2005
176


Other statistics at 1 April 2005


  Total of deferred pensions (p.a.)
£1.9m
  Average deferred pension (p.a.)£10,900


TABLE 5—INCUMBENT PENSIONERS


Former members Surviving dependants of former members Active members in receipt of statutory Guaranteed Minimum Pension Total


Number of pensioners at 1 April 2002
4862527 745


  New pensioners 2002-05
585517 130
  Pensions ceasing 2002-0563 32196


Number of pensioners at 1 April 2005
48127523 779


Other statistics at 1 April 2005
  Total of pensions in payment (p.a.) £7.5m$2.5m£0.1m £10.1m
  Average pension in payment (p.a.) £15,700£9,000 £4,400£12,900




 
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Prepared 30 March 2006