Peter MacKay exit allows him to collect full pension at 55
Peter MacKay exit allows him to collect full pension at 55 New pension rules for MPs means those elected after October must wait until age 65 By choosing not to reoffer in this year’s federal election, Justice Minister Peter MacKay joins a growing list of Conservative MPs who will avoid the impact of pension changes that will triple the amount they must contribute and lock in the money for an extra 10 years. MacKay’s decision, announced last week, means he will be able to collect his full yearly pension of $128,832 at age 55, instead of 65. Under new pension… View Article
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