Just when you thought it was over, Liberal excess comes back to kick you in the teeth.
The report by arbitrator George Adams upheld a $417,780 severance payment the former Liberal cabinet minister received in February, along with a $42,010 annual pension.
Well, I suppose $40K is a reasonable pension, right?
Mr. Dingwall will also receive an annual pension of $42,000 from the mint on top of his yearly MP’s pension of $77,200.
So, that's $119,200 a year for a pension.
Must be nice.
Who wants totake a look at what CPP pays out to Joe-Average Retiree?
The maximum monthly benefit for a retiree who is not disabled (which Dingwall is not) is a whopping $844.58. That works out to $10134.96, which by the way is taxed again. Old Age Security averages $484.63 per month, which is about $5815.56 per year. Together, the average Canadian gets about $15,950.52 per year when they retire.
Way to look after the common people.