Retiring MPs Cash In

Defeated or retiring MPs will collect $52.4-million in cumulative pension payments to age 75. (Annual pension payments total approximately $3.5-million in today's dollars.) In addition, another $2.3-million in severance cheques will be issued to former MPs ... "Defeated and retiring members will still win financially thanks to a gold-plated pension plan and rich severance payments for parliamentarians," said CTF Acting Federal Director Adam Taylor.

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