FEDERAL ELECTION ''GOLDEN GOODBYES'' COULD COST CANADIANS $3.3M
Sep 27, 2021
By Bob Komsic
The Canadian Taxpayers Federation has done the math.
It’s calculated that the 51 MPs, who either lost in the recent election or decided against seeking re-election, qualify for a severance worth half their salary; $92,900 or more if they were a cabinet minister or chaired a Commons committee.
If they’re 55 or older and had been an MP for six-years, then they would qualify for a pension instead.
The CTF figures pensions for those leaving Parliament Hill will cost taxpayers $1.4-million per year.
However some Members of Parliament will miss out on a pension because the election was called one month short of the six-years needed to qualify.