moved for leave to introduce Bill C-298, an act to replace the allowance provided by the Members of Parliament Retiring Allowances Act with an allowance funded by members' contributions to assist their transition back to private life.
Mr. Speaker, it is my pleasure today to reintroduce this private members' bill on members of Parliament pensions.
This bill is based on input from my constituents and represents what the average Canadian feels an MP's pension plan should look like. Unlike the current government bill on this issue, my bill would do away with the cash for life plan in favour of a privately controlled RRSP style fund with no contributions from the taxpayer.
My bill would allow MPs to plan ahead for the future or provide them with funds for transition back into private life. This proposal is fair to all MPs and they will all be treated equally. There is none of this trough regular and trough light which we hear many constituents complain about.
(Motions deemed adopted, bill read the first time and printed.)