The federal government introduced another massive budget bill. Among the highlights, MP pension contributions would jump to $39,000 from $11,000 -- and MPs would also have to wait until 65 to retire in order to collect a full pension, up from 55. Treasury Board President Tony Clement outlined the changes. (Clement said the changes would save taxpayers 2.6 billion dollars over five years.)

Date: 2012-10-18
Placeline: OTTAWA, Ontario.
Source: The Canadian Press
Length: 17 seconds

Transcript Prediction: << these changes ensure that the public servants and MP's pay their fair share of their pension pension contributions and bring contribution rates more in line with the private sector and with other public sector pensions in Ontario British Columbia and Quebec >>

Earbank_2012-10-18_Omnibus-Budget-Bill_5095