Bill Could Strip Fontana Of PensionJune 13, 2014 7:19pm
If a bill that is currently before the House of Commons is passed, London Mayor Joe Fontana may lose his pension after being convicted of fraud, breach of trust and uttering forged documents.
Bill C-518, the Protecting Taxpayers and Revoking Pensions of Convicted Politicians Act, would strip all current and former MPs and senators of their pension, if they are convicted of serious crimes.
“The bill is a great way to fight corruption, because politicians are people, they face temptation… If they know that they are going to lose hundreds of thousands, even millions of dollars in pension benefits, we think that’s going to give them a second look,” says Gregory Thomas, the federal director of the Canadian Taxpayers Federation.
Bill C-518 has passed second reading and if enacted would apply to all criminal charges laid after the bill was introduced in June 2013. Thomas is hopeful that the bill will be passed into law before the end of this month.
Fontana, who was convicted in a London court Friday morning, is a former MP, and stands to lose a $122,500 annual MP pension, according to a release from the CTF.