Members of Parliament are being pressured by the Canadian Taxpayers Federation to radically change their pension plan.
The Federation’s Atlantic Director, Kevin Lacey tells CHSJ News each M-P can start collecting a pension at age 55 and is eligible to collect after serving for only 6 years.
Lacey points out the average M-P in the province will be eligible for a pension of over 50 thousand dollars a year.
The Federation has calculated Saint John M-P Rodney Weston can collect a pension of 33 thousand dollars a year by 2015. By contrast the average New Brunswicker receiving the Canada Pension gets 536 dollars a month.
The Federation says the MP’s should be on the same type of R-R-S-P plan as anyone else instead of having taxpayers shelling out 24 dollars for every dollar being contributed by each M-P.
