Yes, and as you may well know, it only needs 3 terms to get the full whack and Labour is into its third term. See how the disingenuous dribbling of "a lifetime of service" falls by the wayside, the Labour MPs get their full pension and hopefully a sinecure or two in some QANGO.
Last night, Labour sources disclosed that one of the problems in getting MPs to show restraint is the high number who plan to retire at the end of this Parliament.
This is a problem because pensions are linked to their last salary.
Enjoy it while you may, folks, for when the Libertarian Party wins all those cushy numbers will be up.