Defeated Watson To Collect Severance
Tuesday October 20th, 2015
Posted at 5:12pm
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Jeff Watson who lost his seat in Essex in Monday nights election will collect severance and pension.
According to the Canadian Taxpayers Federation Watson will receive an estimated severance of $92,000 and an annual pension of $55,000.
They say that Watson could collect $2,777,821 in pension over his lifetime.
Across Canada, the 180 defeated and retiring MPs will collect $5.3 million in annual pension payments, reaching a cumulative total of $209 million by age 90. In addition, another $12.8 million in severance cheques will be issued to former MPs.
You can see the entire list here.