CTF says Richard Neufeld tops pension benefits list

Must Read

New cases of COVID-19 reported for both City and County of Grande Prairie

GRANDE PRAIRIE, A.B. - Alberta Health Services is reporting, as of Wednesday, two additional cases of COVID-19 for both...

Bear sighted within Fort St John near Toboggan Hill park

FORT ST. JOHN, B.C. - The City of Fort St. John is advising residents of bear sightings within the...

85 new COVID-19 confirmed across BC, four more in Northern Health Region

VICTORIA, B.C. – 85 new cases of COVID-19 were confirmed across the province, bringing the total to 4,196, as...

Senator Richard Neufeld tops the list for potential pension benefits.

CTF’s Maureen Bader said Neufeld can expect to receive a pension payout of around 1.3 million dollars to age 80.

This money is all paid for by B.C. taxpayers, according to the Canadian Taxpayers Federation. Neufeld, the former Minister of Energy, Mines and Petroleum Resources, resigned as the North Peace MLA after being appointed to the Canadian Senate by Prime Minister Stephen Harper in December 2008.

- Advertisement -

Community Interviews with Moose FM


The 19 British Columbian MLAs who quit, retired or were defeated in Tuesday’s election are due to receive around 8.8 million dollars in severance payouts and retirement benefits. Bader said in all, there are 7 million dollars in potential retirement benefits for 10 ex-MLAs and 1.8 million dollars in severance payouts for all 19.

Bader said 14 BC Liberal MLAs, including seven former ministers, are entitled to the perks, along with five former NDP MLAs. Bader said MLAs were getting $2.40 from taxpayers who paid into the pension funds, for every dollar they contributed themselves.

This form of pension plan, which kicks in after an MLA serves for six years, was reinstated in 2007 after being out of favor for many years.

More Articles Like This