Ministers: Pensions
(asked on 8th September 2016) - View Source
Question to the Cabinet Office:
To ask the Minister for the Cabinet Office, what annual pension entitlements are due, and to whom, for service as (a) Prime Minister, (b) Chancellor of the Exchequer, (c) Foreign Secretary and (d) Home Secretary.
The annual pension entitlements for the current Prime Minister, Chancellor of the Exchequer, Foreign Secretary and Home Secretary are set out in a House of Commons Library briefing note available at http://researchbriefings.files.parliament.uk/documents/SN04586/SN04586.pdf
In 2014/15 the Parliamentary Contributory Pension Fund (PCPF) paid out nearly £22m in pension benefits to former MPs and Ministers and their survivors. Further detail can be found in the PCPF Annual Review 2015, available on the PCPF website at https://www.mypcpfpension.co.uk/.
The pensions paid to former Prime Ministers and Speakers come from the Consolidated Fund. In 2015/16 a total of £257,000 was paid to former political office holders or surviving dependents from the Consolidated Fund. Details of these pension payments are in the Consolidated Fund accounts, available at
Prior to the Public Service Pension Act 2013 holders of the Great Offices of State (Prime Minister, Lord Chancellor and Speaker) participated in separate pension arrangements. Future holders (including the current Prime Minister and Lord Chancellor) of these offices will participate in the Ministerial pension scheme.
Recent Prime Ministers and Lord Chancellors have chosen to waive some of their pension entitlement and only draw an amount equal to what they would have received if they had been a member of the Ministerial pension scheme.
Historic information covering payments from these funds can be found online in PCPF Annual Reviews and Consolidated Fund accounts.