MP Pension Rip-off Will Cost Taxpayers at Least $277 Million

Taxpayers contribute $248,668 per year to each MPs pension, while MPs contribute as little as $10,990 per year

By Canadian Taxpayers Federation —— Bio and Archives--January 18, 2012

Canadian News, Opinion | Comments | Back To Full Article

39 MPs elected in 2006 qualify for $30.9 million lifetime payout on January 23, 2012

OTTAWA, ON, -- With only a few days to go before the 6th anniversary of the 2006 election, the Canadian Taxpayers Federation (CTF) has released a report estimating that the cost to retire the entire 41st Parliament in 2015 is at least $262 million in cumulative pensions and $15 million in severance payoffs.

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MP Pension Rip-off Will Cost Taxpayers at Least $277 Million

Taxpayers contribute $248,668 per year to each MPs pension, while MPs contribute as little as $10,990 per year

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