Originally posted on National Post | News:
OTTAWA — The federal government introduced another massive budget bill today that critics say once again covers way too much ground — everything from MP pensions to environmental controls, from tax credits to border-crossing issues.
“It’s such a large bill, and once again they’ve thrown so much into it,” finance critic Peggy Nash said of the 450-page Jobs and Growth Act.
The legislation includes changes to the pension plan for federal MPs that will eventually see them putting nearly four times as much of their own money towards retirement than they currently do.
MP contributions will jump to about $39,000 from the present level of about $11,000, Treasury Board President Tony Clement told a news conference.
MPs will also have to wait until 65 to retire in order to collect a full pension, rather than the current retirement age of 55, Clement said.
The opposition had urged the…
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