MP Pension Plan Costing $52M Annually, Retired MPs Averaging $78K a Year

Two people walk toward the Centre Block on Parliament Hill in Ottawa, in a file photo. The Canadian Press/Sean Kilpatrick

Nearly $52 million was spent on pensions for retired members of parliament last year, with 579 MPs taking in nearly $78,000 each, according to a Treasury Board report.

The pension plan has increased more than a 10 percent since the COVID-19 pandemic, according to figures from a recently published report first obtained by Blacklock’s Reporter.