Wednesday, May 15, 2013

22 Pension Bubble Boys Win

B.C. MLA's are eligible to collect a pension after they have served 6 years as a Member of the Legislative Assembly of B.C.  There are 22 members that were first elected in 2009 that will be eligible if they get RE-ELECTED and serve out their term to qualify for there 6 years. There are 2 MLA's elected in 2012 that may also qualify by 2017 if they are RE-ELECTED.

The Liberal Part has the majority of the 24 with 14 bubble-boys, while there are 9 NDP and 1 Independent.

It appears that all 22 members elected in 2009 were reelected and will be eligible for pensions when they have served 6 years.

The 2012 elected (In by-elections) candidates were both defeated in this election and will not be collecting any more years towards their pension eligibility at this time. Retiring or defeated MLAs can earn their regular MLA salary – $102,000 per year – for anywhere from four to 15 months after leaving office until they find work. They can also be reimbursed for up to $9,000 for job training.

Riding by Riding Results: http://electionsbcenr.blob.core.windows.net/electionsbcenr/GE-2013-05-14_Candidate.html




Loser pensions will cost us $26M 
According to figures released Wednesday by the Canadian Taxpayers Federation, Tuesday's BC election will cost taxpayers more than $26M in MLA pensions. Those payouts are for MLA's, with six years of service or more, who either chose not to run for re-election or were defeated Tuesday.
MLAs are eligible for pensions after six years of service. Pensions increase by the rate of inflation every year, and can be collected at age 65.

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