Once you hit the six-year mark, your pension rises at dizzying speed. John Cummins, a Conservative MP from British Columbia, spent over 20 years as a commercial fisherman. The increase also affects severance and pension payments for MPs leaving politics in 2015, which, as an election year, will be larger than normal. The bottom line? “You’re like a fired employee,” says Jordan. Many MPs follow the same grueling schedule, says Nelson Wiseman, a political science professor at the University of Toronto. It’s fair to point out — and politicians do — that our MPs, cabinet ministers and even prime minister make far less than many CEOs or even Bay Street lawyers. There is a good reason for that ignorance: no one in power has a vested interest in publicizing how much they take home. IF you thought Malcolm Turnbull was already rich, buckle up. The Prime Minister is paid £150,402 a year. Former MPs and their perks - salary, free travel and taxpayer-funded cars 28 Sep, 2017 04:00 PM 3 minutes to read Former Prime Minister John Key is entitled to $50,000 a year and free travel … They should remember that their good fortune has not been shared by most Canadians. All the abuse you cop from the public. As leader of Canada, Trudeau's salary adds up to $357,800 a year.That includes a base salary of $178,900 for his role as Member of Parliament for Papineau, and another $178,900 for his gig as PM. “When you look at how vast a government department is, ministers are grossly underpaid.” MacDonald believes we should raise salaries to encourage more top executives to run for office. The total payoff, it turns out, is in the millions. Another 21 were farmers. The party hasn’t got a lot of use for you either. Each MP gets the same raise every year. In addition, the payouts rise in line with inflation once a retired MP hits 60, so our former elected officials have no worries about seeing the buying power of their pensions decline in years to come. Rather, he says, they’re overworked. In the 2008 election, 33 out of 304 MPs voluntarily stepped down. Share on Email, Your email address will not be published. Are we paying our politicians too much? So, all right: the surge in politicians’ incomes over the past decade isn’t quite as bad as it appears at first glance. He merely collected the standard pay and perks that our federal leaders have voted for themselves. We spent weeks sorting through government documents to comprehend the various components of an MP’s compensation. Stephen Harper will earn $315,462 this year, double what backbenchers make. Our elected officials defend their apparent grab for cash. Surprised? The list begins with a six-figure salary, of course. news.com.au — Australia’s leading news site. Finally, there is the pension, a largely ignored payoff that can be worth seven figures by itself. But there’s no chauffeured limousine waiting to drive her to Parliament Hill every morning. Theresa May has travelled abroad for work at a cost of £712,072 since taking The biggest issue of all may be how MPs can maintain a sense of solidarity with ordinary Canadians. We contribute $3.65 for every $1 the politicians put into their own pension pot.
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