The salaries of the MPs are decided by the Riksdag Pay Committee ("Riksdagens arvodesnämnd"), a government agency under the Riksdag. Since 1 November 2007, the basic monthly pay of an MP is SEK52,900 (ca. US$6,500). The pay of the Speaker is SEK126,000 a month (ca. US$15,000), which is the same as that of the Prime Minister. The Deputy Speakers receive an increment of 30% of the pay of a member. The chairs and deputy chairs of the parliamentary committees receive a similar increment of 20% and 15% respectively.