In what is becoming a daily tradition, the CTF has calculated the pension of the latest retiring politician. The Honorable Jim Prentice will receive an annual pension of approximately $43,142 for his nearly 7 years of service for which he is almost eligible to begin collecting. Indexed to increase annually, this will add up to approximately $1,733,513 by the time he reaches 80.

Minister Prentice is obviously not in it for the money, as he will now be serving as Vice-Chairman of the Canadian Imperial Bank of Commerce. But even being in politics for reasons other than money can still be quite lucrative as the CTF's calculations make clear.

Posted by Derek Fildebrandt, CTF National Research Director