evidence: Northern Ireland's MLAs are set to get a £1,000 pay rise as an Independent Financial Review Panel announced radical changes to salaries, expenses and pensions. [...] MLA’s salary shall increase by £1,000 to £49,000 and by £500 each April if inflation (CPI for previous September) is greater than 1%. [...] "Our decisions set the rates for salaries, pensions and expenses to support each MLA and their work for the next five years. The panel expects that these decisions will amount to savings of between £1.5 million and £2.0 million in the Assembly’s budget over the next five years."