Mr. Speaker, the Liberals just do not understand. Their promise to reform the big bucks for life club, euphemistically known as the MP pension plan, has gone by the wayside. Despite the token changes to the plan, MPs' pensions still have unlimited protection against inflation and will grow in value at a rate twice the legal maximum in the private sector.
If the Deputy Prime Minister retires in three years, she will stand to collect a cool $2.7 million until age 75. She fought to maintain her cushy pension plan, which comes courtesy of hard working Canadians.
Perhaps she fought so hard for her pension because she thought she would be forced to keep her promise and resign. We all remember when the Deputy Prime Minister said she would quit if the GST was not scrapped by her government. Lucky for her, she has an understanding boss who will let her keep her job, despite the millions of Canadian taxpayers who despise both the GST and the outrageous MP pension plan.