Last week, George Osborne took his knife to young people's pensions with news they must work until they are 70 - possibly longer - before claiming their state pension. This is a bitter pill to swallow for a generation already saddled with a tough set of financial woes to contend with.
But there's more. MPs are set to be handed an 11 per cent pay rise. And, of course, this also translates into a bigger, fatter pension for them, too.
Our calculations show that on the new proposed higher salary of £74,000 a year, they can look forward to retirement income of £14,800 a year after just eight years of service, if they contribute at the highest possible rate (13.75 per cent of salary). This is an inflation-protected pension that pays a 50 per cent spouse's pension in the event of the MP dying - perks that are very expensive for the vast majority of private pension investors to buy.