The pension scheme for members of Parliament as well as government ministers and certain office-holders is the Parliamentary Contributory Pension Fund1. It is a statutory defined pension scheme operating on a funded basis. The Fund is managed by Trustees in line with relevant pensions legislation and the scheme's rules2. There are ten trustees, eight of which are member-nominated, one is appointed by the Independent Parliamentary Standards Authority ('IPSA') and one by the Minister for the Civil Service3. The IPSA is responsible for oversight
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