Justin Trudeau’s Taxpayer-Funded Pensions: The Total He’ll Receive Revealed
Justin Trudeau
will receive two pensions funded by taxpayers because he served as both the prime minister and a member of Parliament.
This indicates that he could receive millions of dollars in pension payments spanning more than three decades.
Recently, the Canadian Taxpayers Federation (CTF) provided estimates for the projected taxparcosts.
pension and severance payments
For the 110 Members of Parliament who lost in the federal election or chose not to run for re-election.
In retirement, Trudeau will receive two government-supported pensions totaling approximately $8.4 million, as estimated by CTF.
Additionally, Trudeau will receive a severance package of $104,900 since he did not contest the 2025 federal election as an Member of Parliament.
The payouts from Trudeau’s MP pension will begin at $141,000 annually once he reaches 55 years of age in 2026.
These payments will keep going until he reaches 90 years of age. Should he live that long, Trudeau’s MP pension would amount to approximately $6.5 million, as estimated by the CTF.
The payments for Trudeau’s prime minister pension will start at an annual amount of $73,000 once he reaches 67 years of age in 2038.
The total cost would amount to approximately $1.9 million if he reaches the age of 90.
Franco Terrazzano, who leads the CTF at the federal level, stated that pension reforms are necessary and annual salary increments for Members of Parliament should cease.
Since a prime minister already receives substantial funds via their initial pension, they should not be charging taxpayers additionally for a secondary pension,” Terrazzano stated. “The administration needs to abolish the supplementary pension for every incoming prime minister.
Past pension reforms indicate that taxpayers now bear less responsibility compared to before, as stated by the CTF.
“However, we still have more work to ensure that the cost of keeping politicians elected remains manageable for taxpayers,” Terrazzano stated.
Outgoing or retired Members of Parliament can expect around $5 million per year in pension payouts, which would accumulate to approximately $187 million by the time they reach 90 years old.
Additionally, around $6.6 million will be distributed through severance cheques to certain ex-MPs.
According to the CTF’s projections, 13 ex-MPs will receive over $100,000 annually from their pensions.
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