Pensions for B.C. politicans are calculated by taking the highest earning years of the retiring MLAs and factoring in their years of work. (Pixabay.com)

16 MLAs retiring from B.C. politics add up to $20M in pensions: Taxpayers Federation

Taxpayers pay $4 for every dollar MLAs contribute to their pensions

As a number of provincial politicians have bowed out of running for re-election ahead of Oct. 24, a national tax reform advocacy group is highlighting the cost of political retirement– to the tune of $20 million – with taxpayers footing the bill.

“While we thank these retiring politicians for their work, taxpayers need to know the huge cost of these gold-plated pensions,” said Kris Sims, B.C. director of the Canadian Taxpayers Federation.

“These pensions simply aren’t affordable for taxpayers. MLAs need to reform their pension plan.”

According to the government, MLA pensions are calculated by taking the highest earning years of the retiring MLAs and factoring in their years of work. The annual pension payments are capped at 70 per cent of the highest earning years.

That means that for every $1 the politicians contribute to their own pension plans, taxpayers pay $4, Sims said.

“It’s time to end these rich pension schemes,” said Sims, adding that MLAs not seeking re-election are allowed to collect the equivalent of their salaries for up to 15 months while they look for new jobs, and they get up to $9,000 if they need skills training.

The federation calculated the expected pensions for 16 retiring MLAs, and determined that former house speaker and BC Liberal MLA Linda Reid is expected to collect the highest per-year amount, roughly $107,000 annually when she turns 65 years old.

Reid, who represented the Richmond South Centre since 1991, is the longest-serving woman in B.C.’s government history.

Other estimated pension totals for MLAs include:

  • Tracy Redies, B.C. Liberal MLA – ineligible due to less than six years in office.
  • Claire Trevena, NDP cabinet minister – estimated $80,000 per year, $1.9 million lifetime.
  • Shane Simpson, NDP cabinet minister – estimated $80,000 per year, $1.9 million lifetime.
  • Scott Fraser, NDP cabinet minister – estimated $80,000 per year, $1.9 million lifetime.
  • Carole James, NDP cabinet minister – estimated $82,000 per year, $2 million lifetime.
  • Michelle Mungall, NDP cabinet minister – estimated $58,000 per year, $1.4 million lifetime.
  • Judy Darcy, NDP cabinet minister – estimated $37,000 per year, $647,000 lifetime.
  • Doug Donaldson, NDP cabinet minister – estimated $58,000 per year, $1.4 million lifetime.
  • Rich Coleman, former B.C. Liberal cabinet minister – estimated $109,000 per year, $2.6 million lifetime.
  • John Yap, former B.C. Liberal cabinet minister – estimated $65,000 per year, $1.5 million lifetime
  • Darryl Plecas, Independent Speaker – estimated $38,000 per year, $714,000 lifetime.
  • Andrew Weaver, former Green Party Leader – estimated $31,000 per year, $764,000 lifetime.
  • Donna Barnett, B.C. Liberal MLA – estimated $46,000 per year, $400,000 lifetime.
  • Linda Larson – B.C. Liberal MLA – estimated $29,000 per year, $469,000 lifetime.
  • Ralph Sultan, former B.C. Liberal MLA – estimated $74,000 per year.
  • Linda Reid, former B.C. Liberal Speaker – estimated $107,000 per year, $2.6 million lifetime.

@ashwadhwani
ashley.wadhwani@bpdigital.ca

Like us on Facebook and follow us on Twitter.

Want to support local journalism? Make a donation here.

BC politics

Get local stories you won't find anywhere else right to your inbox.
Sign up here

Just Posted

Saanich police are warning residents that rutting season has begun and deer may get their antlers tangled in items left in yards. (Saanich Police Department/Twitter)
Deer with items tangled in antlers spotted in Saanich as rutting season begins

Police, B.C. Conservation Service warn of possibly aggressive bucks through fall

Saanich South Liberal candidate Rishi Sharma commits to addressing issues at the five-way intersection of Interurban and Wilkinson roads in partnership with the municipality if elected. (Black Press Media file photo)
Saanich South Liberal candidate commits to improving Interurban/Wilkinson intersection

‘Confusing five-way intersection,’ needs attention, Rishi Sharma says

Oulette the Great Horned owl was spotted alive just days after her mate, Ollie, was found dead from suspected rat poisoning on Oct. 17. (Photo by Cheryl Redhead)
Great Horned owl mate found alive in Cuthbert Holmes Park

Oulette spotted in tree above where male Ollie died of suspected poisoning

The salmon run has also begun at Goldstream Provincial Park for the 2020 season. (Aaron Guillen/News Staff)
Salmon returning to Sooke River

Charters Salmon Interpretive Centre closed but trails remain open

West Shore RCMP are asking for help identifying a male suspect who they believe tried to sell drugs to youth Sept. 19. (West Shore RCMP)
West Shore RCMP seek help identifying man selling drugs to youth

The man tried to sell two youth drugs while they waited for a bus in Langford Sept. 19

Advance polls are open from Oct. 15 to 21 with election day on Oct. 24. (Black Press Media file photo)
Our Home on 8th, the Port Alberni Shelter that opened in March 2019, has 27 extra ‘extreme weather’ spaces for people who need a place to get out of the cold. (SUSAN QUINN/ Alberni Valley News)
BC VOTES 2020: Mid-Island candidate plans occupation of shelter to protest homelessness

Graham Hughes says homeless situation a ‘crisis’ in Port Alberni

Parksville’s Jared Huggan won $75,000 playing BC/49. (BCLC/Photo submitted)
Vancouver Island man $75K richer after purchasing winning lottery ticket at Nanaimo Walmart

Parksville’s Huggan plans to purchase electric bike for partner

Actor Ryan Reynolds surprised a Shuswap family with a special birthday message to their son who was worried he’d be alone on his 9th birthday on Nov. 24. (Tiffanie Trudell/Facebook)
Ryan Reynolds text almost gives away Shuswap boy’s birthday surprise

Deadpool actor helps remind eight-year-old Canoe resident he’s not alone

FILE – A voting package for the 2018 electoral reform referendum. Vote-by-mail packages for the 2020 provincial election will look similar, according to information provided by Elections BC. (Katya Slepian - Black Press Media)
POLL: Have you voted yet?

As election day quickly approaches, hundreds of thousands of British Columbians have… Continue reading

Jordan Jay Ward is wanted on a Canada-wide warrant for two counts of manslaughter. Photo supplied
Wanted man from Calgary may be on Vancouver Island

Jordan Jay Ward is wanted on a Canada-wide warrant for two counts of manslaughter

Environment Canada has issued a snowfall advisory for parts of Vancouver Island for Thursday and Friday.(File photo)
Snowfall expected in parts of Vancouver Island this week

Environment Canada has issued a snowfall advisory for north, east and inland Vancouver Island

More and more electric cars are on the road, but one Chevy Bolt owner was shocked to see how much his BC Hydro bill skyrocketed once he started charging the vehicle. (Black Press file photo)
Lower Mainland man sees significant spike in BC Hydro bill after buying electrical vehicle

An increase should be expected, but Brian Chwiendacz experienced a 200-plus per cent hike

Most Read