Canadian Taxpayers Federation Estimates Cost of Severance for Ex MPs at $3.3 Million

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. If they are 55 or older and had been an MP for six years, they qualify for a pension instead. The Canadian Taxpayers Federation estimates that pensions for MPs leaving office in 2021 will cost the public purse $1.4 million a year. It says MPs’ severance payments will cost the taxpayer $3.3 million. 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, …

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