A civil list is a list of individuals to whom money is paid by the government, typically for service to the state or as honorary pensions. It is a term especially associated with the United Kingdom and its former colonies of Canada, India, New Zealand, Singapore and many more. It was originally defined as expenses supporting the monarch. Denmark also maintains a similar civil list that supports their crown.
Stephen James Dorrell is a British Liberal Democrat politician. He served as the Conservative Member of Parliament (MP) for Loughborough between 1979 and 1997 and then for Charnwood from 1997 to 2015.
In many states with political systems derived from the Westminster system, a consolidated fund or consolidated revenue fund is the main bank account of the government. General taxation is taxation paid into the consolidated fund, and general spending is paid out of the consolidated fund.
The Pensions Act 1995 is a piece of United Kingdom legislation to improve the running of pension schemes.
The Employee Retirement Income Security Act of 1974 (ERISA) is a U.S. federal tax and labor law that establishes minimum standards for pension plans in private industry. It contains rules on the federal income tax effects of transactions associated with employee benefit plans. ERISA was enacted to protect the interests of employee benefit plan participants and their beneficiaries by:
The Parliamentary Under-Secretary of State is the lowest of three tiers of government minister in the UK government, immediately junior to a Minister of State, which is itself junior to a Secretary of State.
The Universities Superannuation Scheme is a pension scheme in the United Kingdom with £89.6 billion under management as of August 2021. It has over 400,000 members, made up of active and retired academic and academic-related staff mostly from those universities established prior to 1992. In 2006, it was the second largest private pension scheme in the UK by fund size. The headquarters of Universities Superannuation Scheme Limited (USS) are in Liverpool.
The State Pension is part of the United Kingdom Government's pension arrangements. Benefits vary depending on the age of the individual and their contribution record. Anyone can make a claim, provided they have a minimum number of qualifying years of contributions.
Pensions in the United Kingdom, whereby United Kingdom tax payers have some of their wages deducted to save for retirement, can be categorised into three major divisions - state, occupational and personal pensions.
Superannuation in Australia or "super" is a savings system for workplace pensions in retirement. It involves money earned by an employee being placed into an investment fund to be made legally available to fund members upon retirement. Employers make compulsory payments to these funds at a proportion of their employee's wages. From July 2023, the mandatory minimum "guarantee" contribution is 11%, rising to 12% from 2025. The superannuation guarantee was introduced by the Hawke government to promote self-funded retirement savings, reducing reliance on a publicly funded pension system. Legislation to support the introduction of the superannuation guarantee was passed by the Keating Government in 1992.
Huntingdonshire was a Parliamentary constituency covering the county of Huntingdonshire in England. It was represented by two Members of Parliament in the House of Commons of England until 1707, then in the House of Commons of Great Britain from 1707 to 1800, and then in the House of Commons of the Parliament of the United Kingdom from 1801 to 1885.
Paul Myners, Baron Myners, was a British businessman and politician. In October 2008 he was elevated to the House of Lords as a life peer and was appointed City Minister in the Labour Government of Gordon Brown, serving until May 2010. As City Minister Myners was responsible for overseeing the financial services sector during the global financial crisis and its aftermath, including leading the controversial 2008 United Kingdom bank rescue package. Myners sat in the House of Lords as a Labour peer until 2014, resigning to become a non-affiliated member before joining the crossbench group in 2015.
Frozen state pensions is the practice of the British Government of "freezing" UK State Pensions,, for pensioners who live in the majority of other countries, apart from the European Community countries and other countries with reciprocal agreements with the UK.
The basic annual salary of a Member Of Parliament (MP) in the House of Commons is £86,584, as of April 2023. In addition, MPs are able to claim allowances to cover the costs of running an office and employing staff, and maintaining a constituency residence or a residence in London. Additional salary is paid for appointments or additional duties, such as ministerial appointments, being a whip, chairing a select committee or chairing a Public Bill committee.
The Conservative–Liberal Democrat coalition agreement was a policy document drawn up following the 2010 general election in the United Kingdom. It formed the terms of reference governing the Cameron–Clegg coalition, the coalition government comprising MPs from the Conservative Party and the Liberal Democrats.
The Office for Budget Responsibility (OBR) is a non-departmental public body funded by the UK Treasury, that the UK government established to provide independent economic forecasts and independent analysis of the public finances. It was formally created in May 2010 following the general election and was placed on a statutory footing by the Budget Responsibility and National Audit Act 2011. It is one of a growing number of official independent fiscal watchdogs around the world.
John Philip Glen is a British politician and former management consultant who has served as Minister for the Cabinet Office and Paymaster General since November 2023. A member of the Conservative Party, he has been Member of Parliament (MP) for Salisbury in Wiltshire since 2010. Glen was formerly Parliamentary Under-Secretary of State for Arts, Heritage and Tourism from 2017 to 2018; Economic Secretary to the Treasury and City Minister from January 2018 to July 2022; and Chief Secretary to the Treasury from October 2022 until November 2023.
A beneficiary fund is defined as a pension fund organization in the Pension Funds Act No.24 of 1956 of South Africa, as amended in 2008. A beneficiary fund is a uniquely South African entity designed to accept and administer lump sum death benefits allocated in their discretion by retirement fund trustees to the minor dependants of deceased retirement fund members, as set out in section 37C of the Act. Major dependants are also eligible to accept section 37C death benefits.
Paul Masterton is a Scottish Conservative Party politician. He was the Member of Parliament (MP) for East Renfrewshire from 2017 to 2019.
Colin James Clark is a Scottish politician who served as the Member of Parliament (MP) for Gordon from 2017 to 2019. He is a member of the Scottish Conservatives.
