Vancouver city councillor and Metro Vancouver board vice-chair Raymond Louie speaks at Friday’s meeting. (Metro Vancouver)

Metro Vancouver board members give themselves a $1,100 per year pension

The move will cost Metro Vancouver $498,000 to implement

Metro Vancouver board members voted in favour of giving themselves in a retroactive pension of up to $11,000, despite some councillors questioning the move ahead of the fall elections.

In Friday’s meeting, the board agreed to a retirement allowance of 10.2 per cent of earnings, which is about $1,100, for all members who choose to leave or are not re-elected, going back to 2007.

The vote was not recorded.

OPINION: Raise your hand, get a pension. Must be nice, eh?

We have politicians granting themselves pension increases with the simple raising of their hands

The pension comes in on the heels of a change to federal taxes which would see some of the pay that local officials receive be taxed as income.

The board has voted themselves a raise to mitigate that impact, costing Metro Vancouver $131,333 in 2019.

Coquitlam Coun. Brent Asmundson questioned the wisdom of the move, given the fact that municipal voters go to the polls on Oct. 20.

“With the number of people that are leaving, I don’t think it’ll be well received by the public that we have so many people who are longtime members getting a retroactive pension on their way out the door,” Asmundson said.

Burnaby Coun. Colleen Jordan said she was concerned about the fast turnover of board members leading to too many pensions.

Metro Vancouver board members are appointed from the city councils of member cities. They receive a per-meeting stipend for the part-time position of $387 for meeting up to four hours and $775 for meetings over four hours. That’s on top of their compensation for sitting on their respective city councils.

“We have people on this board who sit for one year because their councils only appoint them for one year,” said Jordan. “Do we really think they need a 10 per cent ‘leaving allowance’ on top of their meeting stipend?”

Jordan pointed to other jurisdictions that have a four-year minimum before someone was eligible for a pension.

Board vice-chair and Vancouver Coun. Raymond Louie supported the allowance: “I don’t think it’s a stretch for us to also recognize the long service – and perhaps short service – that each of us provide to this organization.”

Surrey, Port Coquitlam and Vancouver have all implemented some sort of leaving allowance.

A finance committee report found that a retroactive period back to 2007 at the formula proposed would be valued at approximately $498,000 in retirement earnings.


@katslepian

katya.slepian@bpdigital.ca

Like us on Facebook and follow us on Twitter.

Just Posted

Publication ban on Letisha Reimer’s name lifted

Reimer’s family had supported an application by The News to lift ban

Mission girl gets her wish to go to Disneyworld

Children’s Wish Foundation, Vancouver Christmas Market and Vancouver Canucks help raise funds

Double-lung transplant a success for Abbotsford girl, 12

Surgery performed Sunday in Toronto for Autumn Carlson

Man sentenced for 9 robberies praised by judge for efforts to change life

Scott Kuebeck previously pleaded guilty to robberies in Abbotsford and Chilliwack

PHOTOS: Mission seniors treated to live Nativity scene, Christmas carols

Members of the Mission Donkey and Mule Club, their family and friends all come together for event

‘Are we going to play?’ Alberta boy with rare illness no big deal for classmates

Porter Stanley is one of 30 people in the world to be diagnosed with Beare-Stevenson syndrome, a craniofacial disorder.

B.C. securities regulator probes ‘most expansive’ alleged trading scheme in its history

Liht Cannabis Corp states it’s doing internal investigation, welcomes BC Securities Commission probe

Air passenger rights: 6 things about what the Liberals are offering

For 3- to 6-hour delays, compensation is $400. Between 6 and 9 hours, $700. Over 9 hours is $1,000

RCMP, civilian vehicles rammed in North Okanagan incident

Police attempt to stop truck near Enderby, thought to be tied to alleged Salmon Arm armed robbery

Watchdog called after man says Coquitlam cop shut car door on his leg

The Independent Investigations Office is probing an incident that occurred in Coquitlam last weekend

New biker gang with ties to Hells Angels crops up in Lower Mainland

The Street Reapers were formed late last year and have been seen in Fort Langley.

Couple caught up in B.C. Legislature bomb plot to learn their fate

John Nuttall and Amanda Korody were arrested as part of an undercover RCMP sting on Canada Day 2013

Station 3 fundraises for Mission Christmas Bureau

A total of 2,500 pounds of food and just over $6,630 in cash raised from two events

10-lane George Massey bridge too big, B.C. study says

Consultants say replacement tunnel cost similar to new bridge

Most Read