MPs' pension fund swelled by 10 per cent during recession - Macleans.ca

MPs’ pension fund swelled by 10 per cent during recession

As taxpayers saw their RRSPs and pensions tank

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The MPs pension fund grew enviably during the financial meltdown because its interest rate is set by regulation and backed by taxpayers, according to the Canadian Press. Over the 2008-09 fiscal year, the fund earned a quarterly interest rate of 2.5 per cent, adding $53.8 million to its half-billion-dollar value; in the same year, private pension plans experienced a 21 per cent loss of value.

Winnipeg Free Press

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