OTTAWA -- The Canadian Taxpayers Federation estimates that MPs who lost their seats or stood down before the election could get $3.3 million in "golden goodbyes."
Fifty-one MPs, who lost their seats or decided not to stand again, qualify for a severance cheque worth half their salary -- some $92,900 or more if they were a cabinet minister or chaired a committee.The Canadian Taxpayers Federation estimates that pensions for MPs leaving office in 2021 will cost the public purse $1.4 million a year.Some MPs will miss out on a pension because the election was called a month short of the six years they needed to qualify.
Benefits for Canadian MPs leaving office are more generous than in some other comparable countries, including the United Kingdom. In the U.K., MPs who lose their seat get a "loss of office payment" which is worth a few thousand pounds. Unlike in Canada, they get nothing if they decide not to fight the election.The Peace Tower is pictured on Parliament Hill in Ottawa on Monday, Jan. 25, 2021. THE CANADIAN PRESS/Sean Kilpatrick
Damn! I had big plans for that nine cents.
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