‘A promise made is a promise kept’: Jeromy Farkas declines pension, transition allowance
Posted Oct 19, 2021 8:08 pm.
Jeromy Farkas is sticking to a promise he made when he was first elected as councillor in Ward 11.
The outgoing councillor has declined the city’s pension and transition allowance.
Tuesday, October 19, 2021, Calgary AB – As promised, Ward 11 Councillor Jeromy Farkas has declined the City Council golden pension and transition allowance. #yyccc pic.twitter.com/rdPSejdNS8
— Jeromy (Pathfinder) Farkas (@JeromyYYC) October 19, 2021
In 2017, Farkas said he wouldn’t be taking either and says “a promise made is a promise kept.”
In a release, Farkas says that between 2007 and 2016, Calgary taxpayers contributed $6.1 million towards the council pension plan, while members of council only contributed $1.2 million.
“This works out to taxpayers contributing about $5 for every dollar put in by council members,” Farkas said.
According to Farkas, the cost of declining the “golden pension” works out to more than $290,000.
