[BITList] Our wonderful representatives

[FA]

            /How sad is this.  Having to give up your job so you can get
            more money. AND they tell us they do it for their
            constituents NOT FOR MONEY!!!!!!/

            The real reason behind 60 Elected MPs not seeking re-election!


            []


            Sixty elected members of the federal government have now
            reported they have made the decision not to run in the
            upcoming next election!

            It's a very high number compared to previous elections. Some
            of them tell us that it's for family reasons, others for
            their desire to serve their fellow citizens in other fields
            and many other great stories to make us cry for them.

            Besides all the tear jerking that politicians have been
            giving about retiring here is something else to consider.

            In2015 a change in the pension for MP's ensures that the age
            of full retirement for an MP having served at least 6 years,
            will no longer be 55 years but 65 years. Thus any MP not yet
            65 and who wants to benefit from the present pension scheme
            need only not run in the next election and thus will draw
            for 10 years longer a government pension of over $100,000/year.

            For an elected MP approaching 55and who is not running, that
            means about $1 million that he/she would not receive should
            he/she run and win again. One should also add the severance
            premium (between $80,000 and $125,000) upon his/her departure.

            You can now understand better all these sudden "family
            emergencies", appreciate the newfound desire to advance
            his/her career in a government job or a committee of some
            sort and have two or three salaries (and possibly two or
            three pensions).

            Not bad as a justification to not run eh?,


        	



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