Turfed MPs reap healthy taxpayer funded pensions
Terry Pedwell
Canadian Press
Tuesday, January 24, 2006
OTTAWA -- Taxpayers needn't shed a tear for members of Parliament who were defeated in Monday's federal election or left politics before the vote: they stand to collect $74.6 million in pensions and severance.
Four of the 67 retiring MPs could each collect more than $3 million before they turn 75, estimates calculated by the Canadian Taxpayers Federation suggest.
"Defeated and retiring members will win financially thanks to a gold-plated pension plan and rich severance payments for parliamentarians,'' said federation director John Williamson.
"Shed no tears for retiring or defeated MPs. They are being well looked after by Canadian taxpayers.''
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