If the prime minister is going to raise the age for Old Age Security from 65 to 67, then he should lead by example and dump a $100,000 prime ministerial pension top-up, Liberal interim leader Bob Rae gibed on Friday afternoon.
As provided for in paragraph 48 of the Members of Parliament Retiring Allowances Act, when the prime minister turns 65 he’ll begin to receive an annual “special allowance” equal to two thirds of his annual salary — that’s in addition to his pension.
The Liberals plan to table a sub-amendment to yesterday’s budget to get rid of it, Rae said.
“Not many Canadians are aware of it, quite apart from MPs’ pensions there’s a separate allowance for the prime minister, for a retiring prime minister that was brought in in 1992 for some particular reason,” Rae told a scrum of reporters.
“I don’t know why that would be.”
Original Article
Source: ipolitics
Author: ipolitics
As provided for in paragraph 48 of the Members of Parliament Retiring Allowances Act, when the prime minister turns 65 he’ll begin to receive an annual “special allowance” equal to two thirds of his annual salary — that’s in addition to his pension.
The Liberals plan to table a sub-amendment to yesterday’s budget to get rid of it, Rae said.
“Not many Canadians are aware of it, quite apart from MPs’ pensions there’s a separate allowance for the prime minister, for a retiring prime minister that was brought in in 1992 for some particular reason,” Rae told a scrum of reporters.
“I don’t know why that would be.”
Original Article
Source: ipolitics
Author: ipolitics
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