Surrey MPs Sukh Dhaliwal (Liberal) and Dona Cadman (Conservative) won't get the MPs' pension because they didn't serve long enough

Rich pensions soothe MPs’ pain of defeat

Surrey's Cadman, Dhaliwal only two in B.C. who won't qualify

Nine defeated or retiring MPs from B.C. are in line to collect a combined $18.6 million in pension benefits now that they’re out of office.

Surrey’s two MPs defeated in Monday’s federal election – Conservative Dona Cadman (Surrey-North) and Liberal Sukh Dhaliwal (Newton-North Delta) – did not serve the minimum six years to qualify for what the Canadian Taxpayers Federation (CTF) calls the lucrative “fat-cat MP pensions.”

Instead those two will receive only $79,000 in severance.

But taxpayers federation national research director Derek Fildebrandt said the province’s other federal MPs turfed by voters Monday night or who chose to retire “should find a nice soft landing with their ‘golden parachute.'”

Conservative MP Gary Lunn, defeated by Green Party leader Elizabeth May in Saanich-Gulf Islands, leaves with $2.2 million in future pension entitlements.

Liberal MP Ujjal Dosanjh, defeated in Vancouver South, leaves with a pension worth $830,000.

The biggest payout will go to Liberal MP Keith Martin, who retired from his Esquimalt-Juan de Fuca seat with a pension of $3.9 million.

Conservatives Jay Hill (Prince George-Peace River) and Chuck Strahl (Chilliwack-Fraser Canyon), both retired from federal politics with $3.3 million pensions.

Tory MP John Cummins (Delta-Richmond East), who retired from federal politics to head the B.C. Conservative party, now gets a pension worth $1.33 million.

Conservative retiree Stockwell Day (Okanagan-Coquihalla) gets a package worth $1.67 million, Kootenay-Columbia Tory MP Jim Abbott retires with $1.36 million and the NDP’s Bill Siksay (Burnaby-Douglas) takes away $732,000.

All the qualifying B.C. MPs can opt to start collecting their pensions immediately.

The taxpayers federation argues the current pension system for federal politicians is too rich, contributing $4 for every dollar contributed by an MP.

It favours a dollar-for-dollar matching formula now used in Saskatchewan and Ontario.

“The vast majority of Canadians working in the private sector have no private pension plan of their own and those few who do, normally have defined-contribution, RRSP-style plans,” Fildebrandt said.

“Most Canadians have to save for their retirements the old-fashion way. MPs by contrast are guaranteed a steady payout regardless of how investments and the market perform.”

Just Posted

Two Vanderhoof students awarded scholarships for post-secondary education

Indigenous students awarded to further their studies

Vanderhoof launches new municipal website

Mayor says feedback so far has been positive on new modern design

Coastal GasLink gets interim injunction against Unist’ot’en

The LNG pipeline company can start work Monday with enforcement approved by court.

Omineca Medical Clinic donates $500 to Community Foundation

The funds were raised through the Jeans Day campaign

Editorial: Go out and play

How much is too much screen time?

REPLAY: B.C’s best video this week

In case you missed it, here’s a look at the replay-worth highlights from this week across the province

Microscopic parasite found in Prince Rupert water affecting thousands

More than 12,000 residents affected by the boil water advisory issued Dec. 14

Trudeau lashes out at Conservatives over migration “misinformation”

Warning against the “dangers of populism,” Trudeau says using immigration as a wedge political issue puts Canada’s future at risk.

B.C. hockey coach creates ‘gear library’ to remove cost barrier of sport

Todd Hickling gathered donations and used gear to remove the cost barrier for kids to play hockey.

Canada’s ambassador meets with second detainee in China

Global Affairs says John McCallum, Canada’s ambassador to China, met with Spavor Sunday

‘They’re coming:’ Flying cars may appear in urban skies by 2023

Air taxis will number 15,000 and become a global market worth $32 billion by 2035

B.C. VIEWS: Andrew Wilkinson on taxes, ICBC and union changes

Opposition leader sees unpredictable year ahead in 2019

5 tips for self-care, mental wellness this holiday season

Ministry of Mental Health and Addictions urging British Columbians to prioritize self care through festive season

Rescued B.C. cat with misshapen legs in need of forever home – with carpet

Mirielle was born with misshapen back legs and after a tough life on the streets, is looking for a forever home.

Most Read