If we use the old calculation (more advantageous) and his salary when the elections were launched as if he got that for 5 years (and that’s the most he’s been paid as an MP):
3% x 300k x 20 = 180k/year
It will be lower than that because of the calculation changing from 2016 forward.
Look at the website I shared, the calculation is right there. Trivedi made things more complicated than they need to be and he calculated based on the value of his fund, not the way it’s administered.
From the get go PP never earned enough to get 240k/year so…
I work in that field for the federal government, I know a thing or two about it myself.
He’s maxed out at a 20k per month pension.
How could someone even survive on that?!
(/s)
Apparently he gets a 10% reduction if he takes it at 55 instead of 65 but I’m sure you could skimp and save a bit to make that work.
https://www.canada.ca/en/treasury-board-secretariat/services/pension-plan/pension-publications/reports/administration-members-parliament-retiring-allowances-act-report/fiscal-year-ended-march-31-2020.html#toc03
More info on all that stuff and no he’s not getting 20k/month
A calculation of Poilievre’s House of Commons pension indicates that he could draw more than $230,000 annually once he turns 65.
If we use the old calculation (more advantageous) and his salary when the elections were launched as if he got that for 5 years (and that’s the most he’s been paid as an MP):
3% x 300k x 20 = 180k/year
It will be lower than that because of the calculation changing from 2016 forward.
I think I’ll trust Shanker Trivedi, the program director of the Schulich School of Business masters of accounting program.
Look at the website I shared, the calculation is right there. Trivedi made things more complicated than they need to be and he calculated based on the value of his fund, not the way it’s administered.
From the get go PP never earned enough to get 240k/year so…
I work in that field for the federal government, I know a thing or two about it myself.
Did you work into the equation that he started twelve years before Jan 1 2016?
That he gets at 65