FEDERAL ELECTION ''GOLDEN GOODBYES'' COULD COST CANADIANS $3.3M

Sep 27, 2021

By Bob Komsic

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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.
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