The Canadian Taxpayer Federation has launched a new national campaign attacking the pensions of Canadian Members of Parliament.
The CTF says MP pensions are costing Canadian taxpayers far too much and are calling for a massive overhaul of the entire pension system. The group has put up billboards across the country, urging Canadians to put pressure on the government.
“This is a rip off of epic proportions and it’s got to stop,” says CTF director Greg Thomas.
The CTF says for every dollar an MP contributes to the pension pool, taxpayers pay $24.
In addition, since the MP pension fund is not invested in the market, the CTF says it automatically receives a fixed 10.4 percent annual interest rate.
“We haven’t been able to find a more generous pension plan in the country,” says CTF National Communications Manager Scott Hennig.
Kitchener-Centre MP Stephen Woodworth says he also believes the MP pension plan needs to change, adding that the government already has plans in place to do so.
“The goal is to try to bring public service pensions, including Members of Parliament, down to one dollar for the employer to one dollar for the employee,” says Woodworth.
But the CTF says until they see actual changes put in place, they will continue to speak out.
