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POLITICS – Outgoing MLAs to collect $13.3 million in pensions; Lake will receive life-time total of $732,623

Terry Lake in Legislature.

Taxpayers put in $4 every $1 a politician contributes

Outgoing Kamloops-North Thompson MLA and health minister Terry Lake will collect an initial annual pension payout of $42,364 when he reaches the eligible age, and a lifetime total to age 80 of $732,623.

The Canadian Taxpayers Federation (CTF) has calculated the pensions of all MLAs who did not win or seek re-election Tuesday night. The total payout (to age 80) is estimated at $13.3 million.

Sixteen MLAs retired or opted not to seek re-election and 11 sitting MLAs were defeated in the election.

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. Lake is 60. Taxpayers put in roughly $4 for every $1 a politician pays into their pension account.

“It’s time to end these rich pension schemes,” said Scott Hennig, CTF Vice President, Communications. “Most Canadians are lucky if their employer matches a dollar-for-dollar RRSP. There’s no justification for taxpayers to put in $4 for every $1 an MLA chips in.”

These numbers assume eligible MLAs bought back missing time from 1996 to 2007, when there was a far more modest pension system in place. The list of MLAs who bought back has been kept secret, but the CTF has yet to hear from any of the retirees that they didn’t buy back that missing time. Lake was first elected provincially in 2009.

On top of those pensions, outgoing MLAs can apply for up to $9,000 in retraining funds and are eligible for up to 15 months of severance pay (as much as $127,323 each).

Pension totals for MLAs who were defeated Tuesday night:

Richard T. Lee (Liberal MLA, Burnaby North, 16 years) – Initial annual pension payout: $67,520. Lifetime total to age 80: $1,167,657.

Naomi Yamamoto (Liberal MLA, North Vancouver-Lonsdale, 8 years) – Initial annual pension payout: $38,883. Lifetime total to age 80: $672,435.

Marc Dalton (Liberal MLA, Maple Ridge-Mission, 8 years) – Initial annual pension payout: $32,600. Lifetime total to age 80: $563,772.

Gary Holman (NDP MLA, Saanich North and the Islands, 4 years) – Ineligible for pension due to not serving six years.

Scott Hamilton (Liberal MLA, Delta North, 4 years) – Ineligible for pension due to not serving six years.

Linda Reimer (Liberal MLA, Port Moody-Coquitlam, 4 years) – Ineligible for pension due to not serving six years.

Peter Fassbender (Liberal MLA, Surrey-Fleetwood, 4 years) – Ineligible for pension due to not serving six years.

Amrik Virk (Liberal MLA, Surrey-Guildford, 4 years) – Ineligible for pension due to not serving six years.

Suzanne Anton (Liberal MLA, Vancouver-Fraserview, 4 years) – Ineligible for pension due to not serving six years.

Jodie Wickens (NDP MLA, Coquitlam-Burke Mountain, 2 years) – Ineligible for pension due to not serving six years.

Doug Bing (Liberal MLA, Maple Ridge-Pitt Meadows, 4 years) – Ineligible for pension due to not serving six years.

Pension totals for MLAs who retired before the election:

Sue Hammell (NDP MLA, Surrey-Green Timbers, 22 years) – Initial annual pension payout: $87,420. Lifetime total to age 80: $750,323. Lifetime payout is slightly lower as she will be 72 at retirement.

Bill Bennett (BC Liberal MLA, Kootenay East, 16 years) – Initial annual pension payout: $83,504. Lifetime total to age 80: $1.23m. Lifetime payout is slightly lower as he will be 67 at retirement.

Gordon Hogg (BC Liberal MLA, Surrey-White Rock, 20 years) – Initial annual pension payout: $82,607. Lifetime total to age 80: $805,800. Lifetime payout is slightly lower as he will be 71 at retirement.

Jenny Kwan (NDP MLA, Vancouver-Mount Pleasant, 19 years) – Initial annual pension payout: $75,820. Lifetime total to age 80: $1.3m. Left in 2015 to run for federal office.

Maurine Karagianis (NDP MLA, Esquimalt-Royal Roads, 12 years) – Initial annual pension payout: $51,502. Lifetime total to age 80: $756,079. Lifetime payout is slightly lower as she will be 67 at retirement.

Norm Macdonald (NDP MLA, Columbia River-Revelstoke, 12 years – Initial annual pension payout: $47,550. Lifetime total to age 80: $822,301.

Robin Austin (NDP MLA, Skeena, 12 years) – Initial annual pension payout: $44,112. Lifetime total to age 80: $762,852.

Terry Lake (BC Liberal MLA, Kamloops-North Thompson, 8 years) – Initial annual pension payout: $42,364. Lifetime total to age 80: $732,623.

Don McRae (BC Liberal MLA, Comox Valley, 8 years) – Initial annual pension payout: $41,285. Lifetime total to age 80: $713,958.

Moira Stilwell (BC Liberal MLA, Vancouver-Langara, 8 years) – Initial annual pension payout: $35,165. Lifetime total to age 80: $608,123.

Pat Pimm (Independent MLA, Peace River North, 8 years) – Initial annual pension payout: $33,455. Lifetime total to age 80: $578,551.

Kathy Corrigan (NDP MLA, Burnaby-Deer Lake, 8 years) – Initial annual pension payout: $30,385. Lifetime total to age 80: $525,461.

Bill Routley (NDP MLA, Cowichan Valley, 8 years) – Initial annual pension payout: $28,612. Lifetime total to age 80: $383,758. Lifetime payout is slightly lower as he will be 68 at retirement.

Vicki Huntington (Independent MLA, Delta South, 8 years) – Initial annual pension payout: $28,587. Lifetime total to age 80: $494,367.

Doug Horne (BC Liberal MLA, Coquitlam-Burke Mountain, 6 years) – Initial annual pension payout: $27,251. Lifetime total to age 80: $471,262. Left in 2015 to run for federal office.

Jane Shin (NDP MLA, Burnaby-Lougheed, 4 years) – Ineligible for pension due to not serving six years.

A one page PDF showing all defeated and retired MLAs and their pension amounts can be found HERE.

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About Mel Rothenburger (5151 Articles)
ArmchairMayor.ca is a forum about Kamloops and the world. It has more than one million views. Mel Rothenburger is the former Editor of The Daily News in Kamloops, B.C. (retiring in 2012), and past mayor of Kamloops (1999-2005). At ArmchairMayor.ca he is the publisher, editor, news editor, city editor, reporter, webmaster, and just about anything else you can think of. He is grateful for the contributions of several local columnists. This blog doesn't require a subscription but gratefully accepts donations to help defray costs.

6 Comments on POLITICS – Outgoing MLAs to collect $13.3 million in pensions; Lake will receive life-time total of $732,623

  1. Many of us in real world jobs don’t get a pension. We SAVE for it ourselves. MLA’s get paid, and paid well. Why are they unable to put some of their salary into an RRSP like the rest of us commoners?

    Perhaps if becoming elected didn’t include the enticement of a potential lifetime ride on the gravy train, we’d have more people running who do so on principle.

  2. $ + $$ + $$$ + $$$$ + $$$$$ = fairly good money overall if you think about it and yet didn’t the real reason for these type of pensions exist because it was said that people who ran for public office and spent time in the government portfolios usually missed out on larger ($$$$$$$ + $$$$$$$$) private pension plans? Therefore, even though they ‘look’ like generous payments they are said to actually pale, in terms of the general private pension schemes.

  3. Grouchy 1 // May 12, 2017 at 4:34 PM // Reply

    This is just obscene. Politicians should not get a pension unless they serve 15 or more years, and it should definitely not be this rich. Maybe $.50 from the taxpayer to every dollar the politician contributes . It’s okay for this government to slap down children, the disabled, and pensioners ( who don’t have access to this largess ), but they sure know how to look after the old boys & girls club don’t they.

  4. Amazing isn’t it? Especially for the free-enterprises “champions!”
    Actually ludicrous and blatantly two-faced…

  5. This is nuts. If this is not corrected soon, then the voting public should ensure that none of them ever get a second term, in other words vote them out after 4 years. We will be O.K. because the government is really run and managed by the deputy ministers anyway, wonder however if they get a 4 to 1 pension too ?

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