1292 replies to this topic

[Matt R.]

Freedom 52 baby!

What’s the annual pension for this person?

[Victoria Watcher]

Freedom 52 baby!

What’s the annual pension for this person?

 

70% of his best 3-year average.  Indexed.  60% to his spouse upon his death.

 

As a cabinet minister, he receives about $180,000 per year currently.

Edited by Victoria Watcher, 04 July 2024 - 10:35 AM.

[Matt R.]

What’s that as a dollar amount. About $115k?

Yeah, time for a “consulting” gig. Scrubbing floors probably not in the cards.

[Ismo07]

He's only 52, must have something lined up. He can't access any of his MLA pension until 60.

 

Eligibility for allowance

15   (1)A member to whom this Part applies who ceases to be a member after serving for 7 years or for more than 2 Parliaments becomes entitled, subject to this Part, to a superannuation allowance when

(a)the member is 55 years old, or

(b)the member's age added to the member's years of service as a member, both expressed in years and months, totals 60 or more years.

 

Calculation of allowance

21   (1)This section applies to a person who ceased to be a member after December 31, 1984.

(2)The annual superannuation allowance payable to a member who qualifies under section 15 (1) is the amount equal to 5% of the member's highest average legislative allowance multiplied by the number of years of service as a member, not exceeding 16 years, for which contributions have been made.

(3)In respect of service as a minister, the annual superannuation allowance calculated under subsection (2) must be increased by an annual superannuation allowance in the amount of 5% of the highest average income as a minister multiplied by the number of years of service as a minister, not exceeding 16 years, for which contributions have been made.

(4)In respect of service as Leader of the Official Opposition, leader of a recognized political party, Deputy Chair of the Whole, Government Whip, Official Opposition Whip, Official Opposition House Leader, parliamentary secretary, Speaker or Deputy Speaker, the annual superannuation allowance calculated under subsection (2) must be increased by an annual superannuation allowance in the amount of 5% of the highest average income in each position the member occupied multiplied by the total number of years of service in those respective positions, not exceeding 16 years, for which contributions have been made.

(5)The superannuation allowance calculated under this section is payable to the member during the member's lifetime, but the member may elect to have the superannuation allowance granted on any of the plans or combination of plans provided for under the Public Service Pension Plan and, if the member elects, the amount of the superannuation allowance determined under this section must be adjusted, on the basis of the pension plan rules under the Public Service Pension Plan, to the plans or combination of plans selected by the member and must be payable as provided under the Public Service Pension Plan.

Edited by Ismo07, 04 July 2024 - 10:49 AM.

[Matt R.]

Golden!

[Victoria Watcher]

Eligibility for allowance

15   (1)A member to whom this Part applies who ceases to be a member after serving for 7 years or for more than 2 Parliaments becomes entitled, subject to this Part, to a superannuation allowance when

(a)the member is 55 years old, or

(b)the member's age added to the member's years of service as a member, both expressed in years and months, totals 60 or more years.

 

Calculation of allowance

21   (1)This section applies to a person who ceased to be a member after December 31, 1984.

(2)The annual superannuation allowance payable to a member who qualifies under section 15 (1) is the amount equal to 5% of the member's highest average legislative allowance multiplied by the number of years of service as a member, not exceeding 16 years, for which contributions have been made.

(3)In respect of service as a minister, the annual superannuation allowance calculated under subsection (2) must be increased by an annual superannuation allowance in the amount of 5% of the highest average income as a minister multiplied by the number of years of service as a minister, not exceeding 16 years, for which contributions have been made.

(4)In respect of service as Leader of the Official Opposition, leader of a recognized political party, Deputy Chair of the Whole, Government Whip, Official Opposition Whip, Official Opposition House Leader, parliamentary secretary, Speaker or Deputy Speaker, the annual superannuation allowance calculated under subsection (2) must be increased by an annual superannuation allowance in the amount of 5% of the highest average income in each position the member occupied multiplied by the total number of years of service in those respective positions, not exceeding 16 years, for which contributions have been made.

(5)The superannuation allowance calculated under this section is payable to the member during the member's lifetime, but the member may elect to have the superannuation allowance granted on any of the plans or combination of plans provided for under the Public Service Pension Plan and, if the member elects, the amount of the superannuation allowance determined under this section must be adjusted, on the basis of the pension plan rules under the Public Service Pension Plan, to the plans or combination of plans selected by the member and must be payable as provided under the Public Service Pension Plan.

 

 

Source?

Edited by Victoria Watcher, 04 July 2024 - 11:03 AM.

[Victoria Watcher]

Editorial: All the promises add up to a mountain of debt

 

 

Premier David Eby’s strategy is apparent: More of everything for everybody.

 

https://www.timescol...of-debt-9180209

[Nparker]

Running a nanny state is expensive.

[Ismo07]

Source?

 

Members' Remuneration and Pensions Act (gov.bc.ca)

 

He can get his pension right away and serving more that 16 doesn't help his pension so...

Edited by Ismo07, 05 July 2024 - 10:33 AM.

[Victoria Watcher]

 

[Victoria Watcher]

 

VV Facebook post:

 

https://www.facebook...PnJ4yqb1kg8dPcl

Edited by Victoria Watcher, 07 July 2024 - 10:20 AM.

[Stephen Andrew]

Having worked with Lisa Helps on council, I can honestly say she doesn’t like opinions that differ from her own. It’s, “My way or not at all” approach.

As I watch David Eby, Helps fits in perfectly.

Anyone running against her needs to understand the political reality that you take on the machine of unions, Homes for living and Greater Victoria Acting Together.

My final thought, if you elect Helps, be afraid, be very afraid.

[Nparker]

Lisa Helps is despised. The NDP will choose her as the Victoria-Hillside candidate. She will win. I gave up trying to understand Victoria voters long ago.

[todd]

Lisa ran the city like it was the provincial government. This might be an improvement

[Nparker]

Lisa Helps ran the CoV like it was her own personal, twisted, doctoral thesis experiment. She shouldn't be allowed anywhere near another public office as long as she lives.

[Mike K.]

I hear that Mr. Palmer might have got that wrong, and that the NDP is not courting Lisa Helps after all.

Based on the response over the weekend to the Sun piece, maybe that’s the new party line? I guess we’ll know soon enough.

[todd]

Lisa Helps ran the CoV like it was her own personal, twisted, doctoral thesis experiment. She shouldn't be allowed anywhere near another public office as long as she lives.

^oh, Bart.

[Victoria Watcher]

Former Victoria mayor Lisa Helps says she will not seek the NDP Victoria-Swan Lake seat days after an MLA announced his retirement.

Rumours of the former mayor being shortlisted for the seat sparked shortly after B.C. Transportation Minister and MLA for the Victoria-Swan Lake riding Rob Flemming announced he would retire from their positions this year.

Flemming had served in provincial and municipal politics for more than 20 years, also holding titles as B.C.’s Education Minister for three years.


https://www.cheknews...p-seat-1213167/

Edited by Victoria Watcher, 08 July 2024 - 02:44 PM.

[Nparker]

I wonder how long after the VV Facebook post appeared did she make this decision?

Edited by Nparker, 08 July 2024 - 08:44 PM.

[Stephen Andrew]

Given the uproar at there mere suggestion, this is not a surprise