Scott Hennig, Vice President of Communications for the Canadian Taxpayers Federation stands in front of a billboard his organization put up on 14th street just north of 10 ave SW in downtown Calgary, Alberta on July 25,2012 bringing attention to the lavish pension plans for MP's.
Credits: STUART DRYDEN/QMI AGENCY
OTTAWA -- A five-city billboard campaign launched Wednesday aims to embarrass members of parliament and alert taxpayers to the high cost they pay to support MP pension plans.
For every dollar MPs contribute to their own pensions, the taxpayer pays $24. This is the message on billboards erected in Vancouver, Ottawa, Calgary, Halifax and Regina by the Canadian Taxpayers Federation.
"It's time the government honoured their promise to scrap this platinum-plated pension plan," said Greg Thomas, director of the CTF.
Thomas did admit the CTF has not done the calculations on how much it would cost to pay out the existing members of the current pension plan.
The billboards urge Canadians to text the word "TAX" to 212121 in order to sign a petition, e-mail the prime minister and learn more about the MP pension plan.
The government plans on changing the plan this fall. The Prime Minister's Office said they are "moving towards a 50-50 contribution rate" but did not elaborate on the details.