Oakville Beaver, 29 Oct 1993, p. 10

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4 _ Defeated and retiring Tory MPs § needn‘t worry about where their x next paycheque will be coming 2§ from. Thanks to the MPs‘ generous pension scheme, Canadian taxpayâ€" ers will be making sure the former fi MPs are kept in the lifestyles they m became accustomed to on M Parliament Hill. 3 â€" For instance, retiring Oakvilleâ€" > Milton MP Otto Jelinek , a 21â€"year < veteran on Parliament Hill, will m receive an annual pension of Jelinek will receive $66,198 annual pension * All rugs offered for indlividual * Certificare of authenticity * Refteshments _ * Genuine hand knotted rugs. sale to highest bidder for all rugs sold available Quality Silk Wool _ To AIlR D Performers This Session May Be Most Beneficial To Those Who Are Directly Involved In R D. Saturday, October 30, at 2 pm. Preview at 12 Noon 315 Lakeshore Rd., E. (On Reynolds), Oakville (1 Block east of Trafalgar) You may be eligible for cash refunds tax credits from Revenue Canada‘s Scientific Research Experimental Development Incentive Program. Attend a free information session to learn how to benefit from Canada‘s largest R D support program. We‘ll show you how to get your money quickly, answer questions and provide reference materials. Spending Money on Researc Development? ALADDIN PERSIAN RUGS HANDICRAFTS (905)â€"844â€"9095 $66,198, according to figures released by Torontoâ€"based National Citizens Coalition. The pension payouts for Jelinek, 53, and other defeated or retired MPs will begin in November with cheques backdated to Oct. 26th. The cheques will arrive regardâ€" less of the MPs® employment status or their age. The only requirement is that they have served at least six years in the House of Commons. DATE: 10 November 1993 Federal Building, 150 Main West Corner of Caroline Hamilton, Ontario Seating is limited. Please call in advance to register NAME: Susan McDonald PHONE: (905) 572â€"2118 In Jelinek‘s case he has already landed a job as Matthews Asia Inc.; a large international developer/conâ€" tractor. The parent company of Matthews Asia is Mississaugaâ€" based Matthews Group Inc., part of the Paxport Development consorâ€" tium which has leased Terminals 1 and 2 at Lester B. Pearson International Airport in Toronto. During the election, Jean Chretien promised to review the controverâ€" sial deal with the Paxport Development consortium if his party won the election. In addition, Jelinek has started up Jelinek International, a business based in Prague to aid Canadian firms investing in trade and joint ventures in Poland, Hungary and Czechoslovakia . The MPs‘ pensions are indexed without changing jobs or taking unnecessary risks. $1,500...we have heen saving about $50 a month in interest (on credit cards)." ACHIEVE THE EINANCIAL SECURITY YOU DESERVE! ~â€"â€"~â€"â€" to others throughout the world. His books, Wealth Without Risk and Financial Self Defense, have become the biggest selling financial books in history with over two million copies sold. They have remained at the top of the New York Times best sellers list for over two years. We can teach you how to Reverends David and Alice Durksen Victoria. British Columbia CANADA‘S _ Charles J.Givens t has dedicated his life to teaching his easyâ€"toâ€" BEST SELLERH _ understand financial strategies to inflation and if Jelinek lives to the age of 75, the National Citizens Coalition estimates he will have received $2, 667,017 from his penâ€" sion. Jelinek‘s pension payout, howevâ€" er, is meager combined to the windâ€" fall enjoyed by defeated Ontario Tory Perrin Beatty. First elected to parliament when he was 22 years old â€" he‘s now 43 â€" Beatty, a forâ€" mer cabinet minister, will receive an annual pension of $70,436. if he lives to be 75 the payout would total more than $5 million. At least Beatty is not double dipâ€" ping like former Tory health Minister Benoit Bouchard, 54, who will pick up a $50,000 pension and as much as $170,000 a year as the new ambassador to France. ol $ .0b ul id d . o) i Erika and Herbert Riemer Toronto, Ontario _ On Imqums Shor d at Closer to home, retiring Burlington MP Bill Kempling will receive a $51, 238 annual pension and defeated Mississauga South MP Don Blenkarn will receive an annuâ€" al pension of $46,750. Defeated Haltonâ€"Peel Tory MP Garth Turner isn‘t so lucky, howevâ€" er. Since he failed to remain in the House of Commons for the required six years, the former Toronto Sun Columnist is not eligible for the pension.: Instead he will receive six months severance pay. And in case you were thinking the MPs were entitled to the penâ€" sions since they contributed to the plan â€" think again. The scheme is underfunded, so taxpayers contribute $5.75 for every $1 paid by the MPs. â€"Terry.and Ginette Byrne Moneton, New Brunswic

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