Crossword Genius

Politicians whose pay is about right (5)

Ross

I believe the answer is:

party

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'politicians whose' is the definition.
I can't tell whether this definition defines the answer.

'pay is about right' is the wordplay.
'is about' means one lot of letters goes inside another.
'right' becomes 'rt' (abbreviation as in Rt Hon- the Right Honourable).
'pay' going around 'rt' is 'PARTY'.

Can you help me to learn more?

(Other definitions for party that I've seen before include "eg Labour, Conservative" , "Crew" , "See 22" , "Social function" , "Bash" .)

I've seen this clue in the Evening Standard.
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