Humza Yousaf’s first minister pension will be £2,600 per year when he retires

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Humza Yousaf’s first minister pension will be £2,600 per year when he retires
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Claims that the former SNP leader is set to be paid more than £50,000 per year are incorrect.

that former first minister of Scotland Humza Yousaf will be entitled to £52,000 per year for the rest of his life after stepping down.The pension scheme for first ministers which would have entitled Mr Yousaf, 39, to around £52,000 per year from the moment he resigns was scrapped in 2009., Mr Yousaf will be entitled to up to around £2,600 per year for the period he served as first minister.

It added that “the annual amount of a pension payable under this article shall be equal to one half of the salary”. If these rules were still in place today then Mr Yousaf would have been entitled to a pension of £52,292, which is half of £104,584 – his additional pay for being Scottish leader.the 1999 calculation would “continue in respect of any individual who holds or has held those offices on the new rules day, ie those already entitled to or receiving that pension”.

MSPs have two pension options which mean they can contribute either a higher or a lower proportion of their salaries each year. If an MSP contributes the higher rate they are entitled toof their final annual salary as a pension. If they contribute the lower rate they are entitled to one 50th of their final salary as a pension.

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Observer_Owl /  🏆 18. in UK

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