Tuesday, September 15, 2009

74 MPs risk pensions if election called before July 2010

MPs are faced with a possibility of receiving a very posh pension only if the elections do not proceed for the year 2010 or as long as the current parliament remains until July 2010. Some MPs might even lose out of a pension if they don't hold on to their seats. "But if there is no election before next summer, 36 Conservatives, 16 Bloc Quebecois MPs, 14 Liberals and eight New Democrats can qualify for a pension that would give them at least $25,000 a year based on the minimum MP salary that now stands at $157,731 per year." 

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