The state body that sets officials' salaries announced on Monday that MPs would be getting a whopping 44% increase, meaning they'll earn more than 1.1m krona ($9,900; £8,000) a month. The decision was taken in order to bring MPs pay packets in line with district judges, Iceland Monitor reports , as they were until 2009. President Gudni Johannesson's salary is set to increase by about 20%, but he says he won't be banking it.