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The Ceremonial Guard band plays as the daily Changing of the Guard parade leaves Parliament Hill Tuesday June 25, 2013 in Ottawa.
The Ceremonial Guard band plays as the daily Changing of the Guard parade leaves Parliament Hill Tuesday June 25, 2013 in Ottawa.
(Adrian Wyld/THE CANADIAN PRESS)

MPs may rush to retire before pension changes kick in

The face of the federal Parliament could be dramatically altered after the next election as sitting MPs rush to make their exit before changes to their pensions prevent them from collecting the full benefit of their lucrative plans until they are 65 years old.

The Canadian Taxpayers Federation points out that that there are 146 MPs, representing of all stripes, who must be weighing their options – asking themselves if they are prepared to stick with the job for another decade, fighting multiple elections and paying tens of thousands of dollars more each year to get their post-politics pay.