Justin Trudeau set to earn more than $8 million in government pensions and severance

Edmonton Journal

21-05-2025

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Trudeau, the group said, will receive $104,900 in severance. If he lives to age 90, he will receive $8.4 million in pension payments for his more than 16 years of service as a member of Parliament and almost 10 years as prime minister. There is a separate pension for being an MP and for being prime minister, said Franco Terrazzano, the federal director of the Canadian Taxpayers Federation.
'This is Canadian taxpayers' money. Canadians deserve to know how much politicians are making when they're in office, but then also, too, how much they're getting when they leave office, right? It's the fundamental principle of transparency and accountability,' Terrazzano said.
Canadian parliamentarians become eligible for a pension after six years of service. That means that 29 MPs who lost their jobs won't receive pensions. However, they did receive severance pay. MPs receive severance if they are ineligible for a pension or if they have not reached 55 — the age the pension begins. That means that some former MPs receive both a pension and severance if they served six or more years but are not yet 55.