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Wednesday, September 12, 2012

Government Austerity Hypocrisy

Governments often say that unionized works have it too good and need to accept cutbacks. I say them first! Below is a posting from Facebook by Clayton Bromley that demonstrates just where the cutbacks should come from. MPs are civil servants and should be treated as such. Their pensions are insane and are draining the system of millions of dollars a year. They should be treated like any other government worker, not elected royalty. Politicians are the ones who need to accept pay cuts and loss of benefits. Until they do they have no right to criticize those who unionized and fought for what they get.
 
Currently a Canadian MP earns a base salary of $155,400.00. The Prime Minister earns an additional $155,400 (total of $310,800.00), a cabinet Minister earns an additional 74,400 as does the Leader of the Opposition and the Speaker of the House (total of $229,800.00). There are other allowances such as car and rent that are given as well. Members who occupy certain offices and positions are entitled to additional remuneration in accordance with the Parliament of Canada Act such as Parliamentary Secretary, Party whips, other party House Leaders, Deputy House Leaders, etc.
To qualify for a pension, you have to serve as a member of Parliament for a mere six years. A backbencher with six years on the job who retired at the end of this year would receive an annual pension of $27,213 once he or she turns 55…

… If the MP sticks around for another four years, his or her pension hits $43,355 a year.

… For you and me to receive and equivalent payout in retirement we would have to put $80,000 into our RRSPs each year for 10 years.

..The average MP who is eligible to collect a parliamentary pension takes in a very comfortable $49,985 a year. In fact, there are 70 ex-MPs who collect more than $70,000 a year.