180 MPs who did not run for re-election or were defeated on election night will collect a projected $209 million in pensions over their lifetimes, and $12.8 million in severance paymentsOTTAWA, ON: The Canadian Taxpayers Federation (CTF) today released its calculations of estimated pension and severance payments paid to the 180 MPs who were either defeated or did not seek re-election in the October 19 general election. Defeated and retiring MPs will collect $5.3 million in annual pension payments, reaching a cumulative total of $209 million by age 90. In addition, another $12.8 million in severance cheques will be issued to former MPs. The pension and severance calculations for individual MPs are available here.
