Do you want to hear the good news or the bad news first?
Well, here's the good.
It appears that the government is finally doing something about gold-plated MP pensions.
Several media outlets are reporting that the Tories are poised to introduce another omnibus budget bill during the Fall sitting of the House which will include, among other things, reforms to public sector and MP pension schemes.
According to the Globe and Mail, the new legislation would mean that retired MPs — starting after the next election — would begin receiving their parliamentary pension at age 65 instead of 55.
Moreover, MPs are going to have to contribute more to their retirement nest eggs.
"The Conservative caucus is designing a new scheme that would force MPs to pay 50 per cent of the annual contribution to their pension package," notes the Globe and Mail.
"These days, MP contributions represent a small fraction of what the governmentRead More »from Tories to scale back MP pensions but salary freeze could be lifted