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

New ‘meowyoral’ race featuring felines announced by Chilliwack animal shelter

Organizers hope the cat election will generate attention for both the shelter and municipal election

VIDEO: Education Minister talks SOGI 123 and the Chilliwack school board election

He said people are making ‘noise about side issues but student safety is important’

Chilliwack athletes win provincial titles at Cultus Lake Triathlon

Close to 700 athletes competed in several distances, with action starting at Cultus Lake Park.

Chilliwack Chiefs add defenceman Alexander Marrocco

Marrocco is the younger brother of PJ Marrocco, a forward from last spring’s RBC Cup champions.

Rally in the Valley in Chilliwack to talk stewardship

It’s an event to connect interested locals with groups making a difference with species at risk

64 cats seized from ‘bad situation’ now in BC SPCA care

The surrender is part of an ongoing animal cruelty investigation with BC SPCA Special Constable

Possible shooting on Abbotsford street near Aldergrove

Witnesses report what sounded like 4 shots fired Tuesday evening, but that has not been confirmed

5 to start your day

B.C. parents sue after toddler dies in unlicensed daycare, vehicle explodes in Pitt Meadows and more

B.C. woman facing animal cruelty charges after emaciated dog seized

Kira, a Rottweiler, had kidney and bladder infections

Kim agrees to dismantle main nuke site if US takes steps too

Kim promised to accept international inspectors to monitor the closing of a key missile test site and launch pad and to visit Seoul soon.

Dozens speak at Vancouver hearing that could see duplexes replace single homes

The city clerk says 73 people signed up to speak at the hearing that began early Tuesday evening and adjourned hours later with 34 speakers still waiting.

North Carolina gov pleads with storm evacuees to be patient

The death toll rose to at least 37 in three states Tuesday, with 27 fatalities in North Carolina.

North and South Korea say they plan to bid for 2032 Olympics

Moon and Kim announced a sweeping set of agreements including a vow to work together to host the Summer Olympics in 2032.

Russia’s reinstatement after doping scandal goes to a vote

The World Anti-Doping Agency is due to vote Thursday Sept. 20, 2018, on possible reinstatement of Russia.

Most Read