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

The house is located near two schools. Photo: Connor Trembley
Dog attack seriously injures young boy in Castlegar

Despite investigating the incident, city staff aren’t confirming if the dog has been put down

Nicole Cherlet, NDP, Samson Boyer, Green, Doug Clovechok, BC Liberal.
B.C. VOTES: Columbia River Revelstoke candidates debate one last time

Candidates discuss issues like affordable housing, healthcare, pandemic recovery

Above is a planning map that shows up-to-date cutting areas, reserve areas, trails, roads and landings. KNP file
Kimberley Nature Park logging imminent

In the area of Shapeshifter, Thunder Turkey, Mr. Toad, Jimmy Russell Road, the Front Boulevard, the Army Road and Bear Trail.

Environment Canada has issued a snow warning for the Kootenays on Friday. File photo
Environment Canada issues snow warning for Friday

Two-to-10 centimetres is expected to fall

A Kimberley Speed Watch volunteer. Photo courtesy of Kimberley RCMP.
Kimberley RCMP thank Speed Watch volunteers for 2020 season

Speed Watch deployed 20 times and recorded speed of 4000 vehicles

Provincial health officer Dr. Bonnie Henry presents modelling of COVID-19 spread in B.C., March 25, 2020. (B.C. government photo)
B.C. sets another COVID-19 record with 203 new cases

up to 1,766 active cases in B.C., two more deaths

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

The Anonymous YVR is an Instagram page that reviews restaurants and other establishments around B.C. based on how well they adhere to COVID-19 rules. (Instagram)
Anonymous Instagram page reviews COVID-19 safety measures at B.C. businesses

There are a number of public health orders various types of establishments must follow to slow virus’s spread

Join Black Press Media and Do Some Good

Pay it Forward program supports local businesses in their community giving

Jordan Naterer, an electrical engineer from Vancouver, was last seen Saturday Oct. 10. (Facebook photo)
Search efforts to resume for missing Manning Park hiker; Trudeau speaks on case

PM says he’ll do what he can to ‘nudge’ efforts to find Jordan Naterer, yet has little leverage locally

Smartphone showing various applications to social media services and Google. (Pixabay photo)
National media calling for level playing field with Google, Facebook

In Canada, Google and Facebook control 80 per cent of all online advertising revenues

École de L’Anse-au-sable. (Google Maps)
B.C. records first COVID-19 outbreak at school, six weeks after students return to class

Three cases of the virus have been identified at École de L’Anse-au-sable

Most Read