MP pensions have increased 11.4% over past two years, according to new Treasury Board report

New data from the Treasury Board reveals that average annual pensions for Members of Parliament (MPs) rose by 11.4% to $81,140 last year due to inflation indexing. A total of 1,193 individuals, including MPs, retirees, and their families, are enrolled in the pension plan, which requires at least six years of service to qualify.

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MP pensions increased by 11.4% last year to an average of $81,140 due to cost-of-living adjustments, as reported by the Treasury Board.

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