CTF Report
Chart comparing political pensions across Canada
Chart comparing political compensation across Canada
OTTAWA: The Canadian Taxpayers Federation (CTF) today reacted to the passage of Bill C-28, the MP and Senators pay-hike bill.
"Today was a dark day for Parliament. Over the last week, Canadians were treated to the odious spectacle of MPs voting themselves a 20% pay hike and a 42% back-end top up to their already gold-plated pension plan. This process was rail-roaded through in four days while other critical pieces of legislation have waited for years to make it to Parliament," stated CTF federal director Walter Robinson. "On the issues of process and the apparent profit for MPs and Senators, Canadians have every right to remain of the opinion that Parliament is a dysfunctional disgrace."
The Prime Minister's Pension
The Canadian Taxpayers Federation sticks by its reading of Section 48.1 of the of Part III of the Members of Parliament Retiring Allowances Act asserting that the Prime Minister's pension could reach $175,000 with the passage of Bill C-28.
"Two national news organizations utilized this data and reported that they indeed confirmed our calculations with the Government House Leader's office," noted Robinson
"It is now come to our attention that the Prime Minister's office is informing journalists that the Prime Minister's current pension is in the range of $101,000 and is poised to rise to $139,000 with the passage of Bill C-28," added Robinson. But Robinson also noted that if the Prime Minister remains in office for five more years, the estimated value of his pension could rise to $184,000.
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