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Soil vote kick in the guts | Sunbury & Macedon Ranges

More recent Victorian politicians blocked from joining historic $100,000-a-year pension scheme

But the Victorian Independent Remuneration Tribunal has rejected the proposed retirement income boost, saying it would be out of step with public expectations to reintroduce a scheme that could result in an MP receiving $1.1 million in pension payments after serving 12 years in Parliament. The Andrews government supported the tribunal s decision. MPs elected before 2004 made voluntary contributions from their salary throughout their career in exchange for a yearly payment once they retired or lost their seat. Loading The pension, available to MPs who served at least two terms, ranged from annual payments of $84,000 to $126,000, depending on how long the member served and what parliamentary positions they held.

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