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)

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

Just Posted

President of the Tahltan Central Government, Chad Norman Day, surveys Tahltan territory by helicopter in this July 2019 handout photo. The Tahltan Nation and the British Columbia government have struck what officials say is a historic agreement for shared decision-making for the nation’s territory in northwestern B.C., a hot spot for mineral exploration. Day says the deal shows they are “getting closer and closer to a true nation-to-nation relationship.” THE CANADIAN PRESS/HO - Tahltan Central Government
Tahltan Nation, B.C. government sign agreement for shared decision-making

Deal commits the province and the northwest B.C. nation to developing a land-use plan

Hours of practice each day on the part of dancer Braya Kluss keeps her at a high performance level, someting reflected in the competitions she has won. (Submitted Photo)
Remote Tahltan community faces uncertainty with no ‘real’ timeline on Telegraph Creek Road

Provincial transportation ministry says the timeline for road repairs is ‘weather dependent’

Shown is a T-6 Harvard flown by Bud Granley, who has performed at the Vanderhoof Airshow “more times than any other performer,” said Anne Stevens. (Anne Stevens - Vanderhoof International Airshow Society)
Vanderhoof International Airshow a no-go for 2021

Airport open day planned for September

Five rehabilitated grizzly bears were released this month into the Bella Coola area. The Northern Lights Wildlife Society will also be delivering 36 black bears to areas across the province where they were previously found. “They’re ready to go and they’re already trying to get out,” says Angelika Langen. “We feel good when we can make that possible and they don’t have to stay behind fences for the rest of their lives.” (Northern Lights Wildlife Society Facebook photo)
The train station in Smithers pulls into view in a 1959 video of a train trip from Vernon to Prince Rupert. (Screen shot)
VIDEO: Rare footage of Smithers in 1959 featured in train tour video

8mm film converted to video shows Vernon to Prince Rupert by train and Rupert to Vancouver by ship

Maxwell Johnson is seen in Bella Bella, B.C., in an undated photo. The Indigenous man from British Columbia has filed complaints with the B.C. Human Rights Tribunal and the Canadian Human Rights Commission after he and his granddaughter were handcuffed when they tried to open a bank account. THE CANADIAN PRESS/HO-Heiltsuk Nation, Damien Gillis, *MANDATORY CREDIT*
VIDEO: Chiefs join human rights case of Indigenous man handcuffed by police in B.C. bank

Maxwell Johnson said he wants change, not just words, from Vancouver police

Tk’emlups te Secwepemc Chief Rosanne Casimir stands outside the former Kamloops Indian Residential School after speaking to reporters, in Kamloops, B.C., on Friday, June 4, 2021.THE CANADIAN PRESS/Darryl Dyck
Kamloops chief says more unmarked graves will be found across Canada

Chief Rosanne Casimir told a virtual news conference the nation expects to release a report at the end of June

A woman wears a vaccinated sticker after receiving a COVID-19 vaccine at a vaccination clinic run by Vancouver Coastal Health, in Richmond, B.C., Saturday, April 10, 2021. THE CANADIAN PRESS/Jonathan Hayward
B.C. ranks among highest in world in COVID-19 first-dose shots: health officials

More than 76% of eligible people have received their 1st shot

Cannabis bought in British Columbia (Ashley Wadhwani/Black Press Media)
Is it time to start thinking about greener ways to package cannabis?

Packaging suppliers are still figuring eco-friendly and affordable packaging options that fit the mandates of Cannabis Regulations

A screenshot of the First Peoples Cultural Councils First Peoples’ Map. (First Peoples Cultural Council)
Online resource blends B.C.-Alberta’s Indigenous languages, art and culture

Advisor says initiative supports the urgent need to preserve Indigenous languages

An artists conception of the new terminal building at the Pitt Meadows Regional Airport.
Air travel taking off in B.C., but lack of traffic controllers a sky-high concern

There will be demand for more air traffic controllers: Miller

Canadian Armed Forces experts are on their way to North Vancouver after a local homeowner expressed worry about a military artifact he recently purchased. (Twitter DNV Fire and Rescue)
Military called in to deal with antique ‘shell’ at North Vancouver home

‘The person somehow purchased a bombshell innocently believing it was an out-of-commission military artifact’

Amy Kobelt and Tony Cruz have set their wedding date for February, hoping that more COVID-19 restrictions will have lifted. (The Macleans)
B.C. couples ‘gambling’ on whether COVID rules will let them dance at their wedding

Amy Kobelt and Tony Cruz pushed back their wedding in hopes of being able to celebrate it without the constraints of COVID-19

A plane is silhouetted as it takes off from Vancouver International Airport in Richmond, B.C., May 13, 2019. THE CANADIAN PRESS/Jonathan Hayward
Report calls for airlines to refund passengers for flights halted due to COVID-19

Conclusion: federal help should be on the condition airlines immediately refund Canadian travellers

Most Read