EN FR

Canada's MPs and their well-padded pensions

Author: 2012/01/31

From Montreal: THE GAZETTE JANUARY 27, 2012

Two words come to mind when a taxpayer's attention is drawn to the fattened pension scheme with which members of Parliament have endowed themselves at our expense: daylight robbery!

A scandalous situation that has persisted for years in plain sight was recently high-lighted by the Canadian Taxpayers Federation. The group pointed out that for every dollar MPs themselves put into their pension fund, another $23.30 is added from the public purse. The MP pension fund steadily grows by 10.4 per cent a year, not because of interest or investment income earned, but because the additional money is simply added from the government's general revenues.

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