Tuesday, January 10, 2012

Cuts Coming to MPs Sweet Pension Plans?

Possibly! We all know cuts are coming.  Seems like the government is planning to go deeper faster. Good news!

According to John Ivison, MPs gold plated pensions could be on the chopping block too
 They need to go through with it and it would be about time. MPs and Senators get much more lavish pensions than anyone in the private sector get.  Feel ripped off?   You should be.  We contribute $5.50 for $1 that MPs and Senators contribute.

The latest numbers show that taxpayers pay $5.50 for every $1 that MPs and senators contributed to their pension plan. Most private schemes call on the employer to contribute $1 for every $1 added by the member.

I can almost hear Lib and NDP heads exploding.  Take away their entitlements?  Oh heaven forbid!   It would set a good example especially with cuts coming to  public service pension and old age pension reform. It'll be easier to swallow if MPs and Senators have to suffer too!

PM Harper,Minister Flaherty, Minister Clement, don't be shy.  You have your majority now, go for it!  After all we MUST get our fiscal house in order and it should include ALL entitlement programs.


  1. I frikin hope so.I believe 9 years before you qualify for a pension should suffice.That would mean 3 elections to win before any MP qualifies.You want our vote?Earn it.

    As for the rest of the MPs now?Slash their pensions NOW.Canadians should not be footing the bills for those loafers.

    You MPs want a pension plan?Contribute to your own RRSP's just like everyone else!

    Keep up the good work Mr Prime Minister, and youll get elected again!


  2. I believe 9 years before you qualify for a pension should suffice.

    I'd be happy with that. 9 years sounds about right.

  3. I think they also should raise the premium that the MP has to contribute as well and make it more in line with the public service. If they don't get re-elected before they qualify then they get a return of contributions.


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