MP pensions outrageous

The Editor,
The Canadian Taxpayers Federation held a press conference to make public how and who pays for the ludicrous pensions of members of Parliament.
The funds are not invested but are guaranteed to grow by 10.4 per cent per year. This high rate is paid by taxpayers. On the average, $248,000 in taxpayer dollars goes to an MP’s pension account each year.
A report from the C. D. Howe Institute pegs the unfunded liability in federal government employee pension plan at $227 billion – or $6,500 for every man, woman and child in Canada – just to cover the shortfalls in bureaucrat pensions.
All elected MPs must realize this is outrageous and completely out of line with the real world. If not, they have declared themselves Lords – and all other Canadians are peasants as it was 400 years ago. The big difference now is that we can read and write. This is an insult to not only Canadians but to mankind as a whole.
They ask us to make sacrifices to help balance the budget, or is it to make sure their pension fund keeps growing? We have a problem and these are two issues that must be addressed. Let it be known you are not impressed. If you are impressed and support this situation, well, …
When will it stop? So far, I would say never, as it is guaranteed – believe it or not – and has been for some time. It would take a majority in Parliament to make this rational and in line with the rest of us.
So now, I know what I am in the eyes of the elected: a peasant.
What are you?
Richard Charest,
Vankleek Hill