Finance Minister Kevin Falcon announced his retirement today after 12 years as an MLA. His year 1 pension will be a healthy $62,893, for a lifetime total (to age 80) of $1.09 million.

Here’s the latest tally of B.C. MLAs elected in 2009, and what we believe they will collect in pensions. Remember, pensions increase by the rate of inflation every year. A lifetime estimate assumes the individual lives to age 80. This does not include the 15 month severance package.

We will post new blogs as this list of retiring MLAs grows.

B.C. Liberals 

Gordon Campbell (Vancouver-Point Grey; 15 years)
$98,175 year 1; $1.7 million lifetime
*left office in 2011 

Bill Barisoff (Penticton; 17 years)
$90,992 year 1; $1.57 millon lifetime 

Murray Coell (Saanich North and the Islands; 17 years)
$89,000 year 1; $1.54 million lifetime

Kevin Krueger (Kamloops-South Thompson; 17 years)
$87,700 year 1; $1.5 million lifetime

Barry Penner (Chilliwack-Hope; 15 years)
$78,500 year 1; $1.35 million lifetime
*left office in 2011

Kevin Falcon (Surrey-Cloverdale; 12 years)
$62,893 year 1; $1.09 million lifetime

Harry Bloy (Burnaby-Lougheed; 12 years)
$49,000 year 1;  $720,000 lifetime (13 years until he turns 80)

Dave Hayer (Surrey-Tynehead; 12 years)
$47,600 year 1; $824,000 lifetime 

Iain Black (Port Moody-Coquitlam; 6 years)
$30,000 year 1;  $520,000 lifetime
*left office in 2011 

Kash Heed (Vancouver Fraserview; 4 years)
Ineligible for MLA pension—less than six years of service

NDP

Michael Sather (Pitt Meadows-Maple Ridge; 8 years)
$28,500 year 1; $490,000 lifetime 

Dawn Black (4 years)
Ineligible for MLA pension—less than six years of service
Does receive an MP pension: $41,560 year 1; $790,000 lifetime

BCCP

John Cummins (BCCP leader; never an MLA)
Currently collecting MP pension: $96,581 year 1; $1.3 million lifetime (age 69-80)