John Colebourn, The Province November 4, 2010
Outgoing Premier Gordon Campbell will ride off into the sunset with a healthy pension package. And it is the very lucrative pension package that he voted for in 2007. According to the Canadian Taxpayers Federation, Campbell can expect a $100,000-plus a year package that, by the time he turns 80, will total nearly $2 million. “Politicians are putting in a vastly smaller sum than other people,” points out Derek Fildebrandt, the CTF’s national research director, of the golden nest egg politicians get when compared to the private sector. The figures are on the assumption Campbell stays on as MLA for Vancouver Point-Grey until at least May 30, 2011, which would be his 10-year anniversary as premier. The CTF estimates Campbell would be eligible to collect a pension of approximately $100,880 per year – fully indexed — when he turns 65 in January, 2013. Under this scenario, the CTF estimates that to age 80, the total pension benefits for Campbell would be roughly $2,018,819 (assuming two-per-cent annual inflation). “It is a grossly rich plan that increases each year with inflation,” adds Filderbrandt. Campbell would also be eligible to collect a “transition allowance” equal to his base monthly pay for a period of up to 15 months after leaving the legislature, unless he becomes gainfully employed or begins collecting his MLA pension. With his pension collection date beginning January 2013, Campbell could collect as much as $127,324 in “transition allowance,” and would also be in line to receive up to $9,000 in reimbursement for career counseling, education and training.
Outgoing Premier Gordon Campbell will ride off into the sunset with a healthy pension package. And it is the very lucrative pension package that he voted for in 2007. According to the Canadian Taxpayers Federation, Campbell can expect a $100,000-plus a year package that, by the time he turns 80, will total nearly $2 million. “Politicians are putting in a vastly smaller sum than other people,” points out Derek Fildebrandt, the CTF’s national research director, of the golden nest egg politicians get when compared to the private sector. The figures are on the assumption Campbell stays on as MLA for Vancouver Point-Grey until at least May 30, 2011, which would be his 10-year anniversary as premier. The CTF estimates Campbell would be eligible to collect a pension of approximately $100,880 per year – fully indexed — when he turns 65 in January, 2013. Under this scenario, the CTF estimates that to age 80, the total pension benefits for Campbell would be roughly $2,018,819 (assuming two-per-cent annual inflation). “It is a grossly rich plan that increases each year with inflation,” adds Filderbrandt. Campbell would also be eligible to collect a “transition allowance” equal to his base monthly pay for a period of up to 15 months after leaving the legislature, unless he becomes gainfully employed or begins collecting his MLA pension. With his pension collection date beginning January 2013, Campbell could collect as much as $127,324 in “transition allowance,” and would also be in line to receive up to $9,000 in reimbursement for career counseling, education and training.
1 comment:
Has there ever been a Premier of this Province who wasn't either required to fall on his sword, or thrown out of office for malfeasance?
Does this define our future as BC-ers? Spectacular failures from the big chair regardless of political stripe????
Why do we put up with this and not demand more of our elected officials?
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