Parliamentary Pension Scheme
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The Parliamentary Pension Scheme (the Scheme) was established through an Act of Parliament in 2007 as a contributory Hybrid Cash Balance retirement benefits plan for Members of Parliament and staff of Parliamentary Commission.
The mandate of the Scheme is to provide pension and other retirement benefits to Members of Parliament and staff of Parliamentary Commission on permanent and pensionable terms and relief of the dependents of the deceased participants.
The Scheme is governed by the Board of Trustees appointed in accordance with Section 18 of the Parliamentary Pensions Act, 2007 and regulated by URBRA.
The Parliamentary Pension Scheme (the Scheme) was established through an Act of Parliament in 2007 as a contributory Hybrid Cash Balance retirement benefits plan for Members of Parliament and staff of Parliamentary Commission.
The mandate of the Scheme is to provide pension and other retirement benefits to Members of Parliament and staff of Parliamentary Commission on permanent and pensionable terms and relief of the dependents of the deceased participants.
The Scheme is governed by the Board of Trustees appointed in accordance with Section 18 of the Parliamentary Pensions Act, 2007 and regulated by URBRA.