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Mpp serverance plan
- 3. MPP Severance Plan Four years or less of service – 50% of salary*
- 4. MPP Severance Plan Four years or less of service – 50% of salary* More than four years, less than eight – 100% of salary
- 5. MPP Severance Plan Four years or less of service – 50% of salary* More than four years, less than eight – 100% of salary More than eight years – 150% of salary
- 6. MPP Severance Plan Four years or less of service – 50% of salary* More than four years, less than eight – 100% of salary More than eight years – 150% of salary * Salary used for calculation is the average salary over the last 36 months prior to retirement or resignation.
- 7. MPP with no Additional Responsibilities Date elected: October 2011 Years of service: 10 months Average annual salary over three years: $116,550 Multiplier for severance: 50%
- 8. MPP with no Additional Responsibilities Date elected: October 2011 Years of service: 10 months Average annual salary over three years: $116,550 Multiplier for severance: 50% Eligible for severance payment of: $48,562
- 9. Former MPP Leona Dombrowsky Elected: June 1999 – October 2011 Years of Service: 12.3 years Average annual salary over three years: $165,851 Multiplier for severance: 150%
- 10. Former MPP Leona Dombrowsky Elected: June 1999 – October 2011 Years of Service: 12.3 years Average annual salary over three years: $165,851 Multiplier for severance: 150% Eligible for severance payment of: $248,777
- 11. Education Minister Laurel Broten Date elected: Oct. 2003 Years of service to date: 8.8 years Average annual salary over three years: $164,038 Multiplier for severance: 150%
- 12. Education Minister Laurel Broten Date elected: Oct. 2003 Years of service to date: 8.8 years Average annual salary over three years: $164,038 Multiplier for severance: 150% Eligible for severance payment of: $246,057
- 13. Finance Minister Dwight Duncan Date elected: June 1995 Years of service to date: 17.2 years Average annual salary over three years: $165,851 Multiplier for severance: 150%
- 14. Finance Minister Dwight Duncan Date elected: June 1995 Years of service to date: 17.2 years Average annual salary over three years: $165,851 Multiplier for severance: 150% Eligible for severance payment of: $248,777
- 15. Premier Dalton McGuinty Date elected: Sept. 1990 Years of service to date: 21.9 Average annual salary over three years: $208,974 Multiplier for severance: 150%
- 16. Premier Dalton McGuinty Date elected: Sept. 1990 Years of service to date: 21.9 Average annual salary over three years: $208,974 Multiplier for severance: 150% Eligible for severance payment of: $313,461