Trudeau's Retirement Benefits Exposed: Two Pensions Nearly $9 Million!
The Canadian Taxpayers Federation (CTF) recently disclosed the estimated retirement benefits and severance payments that 110 Members of Parliament who lost their seats or did not seek re-election in this federal election will receive.
Former Prime Minister Trudeau will receive two taxpayer-funded pensions after his retirement. According to CTF estimates, the total amount of these two pensions will reach 8.4 million Canadian dollars. Additionally, because he did not run for re-election as a Member of Parliament, Trudeau will also receive a severance payment of 104,900 Canadian dollars.
Trudeau's parliamentary pension will begin when he turns 55, with an annual payment of 141,000 Canadian dollars; if he lives to 90, the total will be approximately 6.5 million Canadian dollars; while his prime ministerial pension will start at age 67, with an annual payment of 73,000 Canadian dollars, accumulating to about 1.9 million Canadian dollars by age 90.
CTF Federal Director Franco Terrazzano stated, "Voters don't need to feel too sorry for defeated politicians, as they will receive generous severance payments or pension checks. There is still much work to be done to make politicians' compensation truly affordable for taxpayers."
"What taxpayers need to see is leadership from the highest levels, which means reforming the politician pension system and ending the mechanism of automatic annual pay increases for Members of Parliament. A prime minister can already receive millions of Canadian dollars through the first pension; there should not be a second pension billed to taxpayers."
"The government must stop providing a second pension for future prime ministers."
Source: https://www.toutiao.com/article/1832772737708044/
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