MPs will normally receive a pension of either 1/40th or 1/50th of their final pensionable salary for each year of pensionable service depending on the contribution rate they will have chosen. Members who made contributions of 13.75% of their salary gain an accrual rate of 1/40th.
Ex-Member Parliament Pension sanction under the Salary, Allowances, and Pension of Members of Parliament Act,1954 as amended. You can download the application form in PDF format online for free.
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