moved for leave to introduce Bill C-360, an act to amend the Members of Parliament Retiring Allowances Act (deduction re other income).
Madam Speaker, I thank my colleague, the hon. member for Prince George-Peace River, for seconding the bill.
It is a pleasure to introduce my private member's bill which calls for amending the Members of Parliament Retiring Allowances Act. Members opposite know how the Reform Party and indeed the overwhelming majority of Canadians feel about the rich MP gold plated pension scheme.
My private member's bill proposes to introduce an MP pension clawback which would apply to former parliamentarians. It would work on exactly the same principle as the old age security clawback applies to senior citizens. Former parliamentarians earning more than $53,215 in the private sector would have a portion of their MP pensions clawed back.
It is time for this kind of legislation. Canadians are calling for legislation which reflects fairness from their elected representatives.
I ask members from all parties to give serious consideration to this bill.
(Motions deemed adopted, bill read the first time and printed.)