The timing of the next federal election could be financially beneficial for Jagmeet Singh.An investigation conducted by the Canadian Taxpayers Federation for the Western Standard found that so long as the contest is held after February 2025, the NDP leader will meet the threshold for receiving a pension regardless of whether he wins or loses his seat.The CTF noted that because Singh is younger than 55, he will receive both a severance and a pension, and calculated the following amounts based on him collecting at that age.The CTF estimated that if Singh stays on until February 25, 2025, at which point he will have served as a member of parliament for six years, he will receive a pension of around $2.4 million up to age 90, with a starting amount of roughly $43,000. He will also take home a severance of nearly $135,850.If he holds out until the next scheduled election in October 2025, however, he will be eligible for a pension of around $2.7 million up to age 90, with a starting amount of roughly $48,000. He will also take home a severance of nearly $137,000.On September 4, Singh formally ended the NDP's coalition and supply agreement with Justin Trudeau and the Liberals, but stopped short of going all the way and launching a non-confidence vote to trigger an election. Singh has made it clear that he intends on running regardless of when the contest is held.
The timing of the next federal election could be financially beneficial for Jagmeet Singh.An investigation conducted by the Canadian Taxpayers Federation for the Western Standard found that so long as the contest is held after February 2025, the NDP leader will meet the threshold for receiving a pension regardless of whether he wins or loses his seat.The CTF noted that because Singh is younger than 55, he will receive both a severance and a pension, and calculated the following amounts based on him collecting at that age.The CTF estimated that if Singh stays on until February 25, 2025, at which point he will have served as a member of parliament for six years, he will receive a pension of around $2.4 million up to age 90, with a starting amount of roughly $43,000. He will also take home a severance of nearly $135,850.If he holds out until the next scheduled election in October 2025, however, he will be eligible for a pension of around $2.7 million up to age 90, with a starting amount of roughly $48,000. He will also take home a severance of nearly $137,000.On September 4, Singh formally ended the NDP's coalition and supply agreement with Justin Trudeau and the Liberals, but stopped short of going all the way and launching a non-confidence vote to trigger an election. Singh has made it clear that he intends on running regardless of when the contest is held.
