Winnipeg Free Press - PRINT EDITION

Commenters not ready to retire yet

  • Print

Former Manitoba Public Insurance president and CEO Marilyn McLaren, who retired Feb. 21, will receive close to half a million dollars in compensation from the auto insurer in 2014 -- not including a $50,000 consulting contract with MPI, which was approved by the Selinger cabinet several weeks after her departure. Our readers offered these comments for free.

 

THINGS to do today-ish...

1. Quit high-paying job with Hydro, MPI or CoW.

2. Get gigantic golden handshake and a tiny bit of media hassle.

3. Take a couple of weeks off until everyone forgets.

4. Go right back to working where I was working as a high-paid consultant.

5. Laugh all the way to multiple banks.

-- hefty J

 

SDLqTHE corporation pays departing members of its management committee a retirement allowance equal to two weeks' salary for each year worked."

Why?

"All other MPI employees are entitled to one week of salary per year worked when they retire."

Why?

"Bob Brennan, the former president and CEO of Manitoba Hydro, received a retirement payment of $612,008.29 when he left after 47 years."

Why?

This is obscene. And so unnecessary. Why is there a buyout? They retired. They have a generous pension.

-- anonymity_personified

BEFORE everyone gets their knickers in knots, have a look at the retirement payouts for Great-West Life or other insurance companies... this pales in comparison. If you want qualified people heading a large Crown (or any) corporation, you have to pay them well or they will go elsewhere in the market. If you aren't prepared to pay them well, you get unqualified people running these organizations. By all accounts, Ms. McLaren did a pretty good job. Compare your rates with those in other provinces. Oh, and next time you pay $85 or $125 to watch a Jets' game, think about how obscene those salaries are!

-- parnell

 

MARILYN McLaren will receive $488,991.52 in salary, benefits and retirement allowance this year.

At least she worked for the corporaton for 35 years. I guess I can live with this, as it's been in place all along... not just created yesterday.

Bob Brennan received a retirement payment of $612,008.29 when he left.

At least he worked for the corporation for 47 years. Again, I guess I can live with this, as it is not something that was dreamt up in on a couple days' notice.

Phil Sheegl works for City of Winnipeg for 3.5 years; he leaves (quits) under a huge cloud of suspicion and he walks out the door with $500,000.

 

-- Larry Bud Melman

 

I don't like the "petty journalism" associated with publishing and mocking senior people's salaries in the paper. It should be a private matter between her and her board. This type of alarmist reporting stops high-quality people from entering these important positions.

As a result, we don't have our best-and-brightest in our public leadership roles. A seasoned insurance executive at this level can make a lot more than she did elsewhere and not be ridiculed in the paper when she retires after so many years of faithful service.

I am not an MPIC employee or her relative, just an admirer of her work from within Winnipeg's business community.

-- 23649217

 

SDLqTHE issue isn't so much the size of McLaren's retirement payment... but the fact she was hired weeks after her retirement as a consultant." The size of the retirement package is not something the NDP voted on to give her, it was in the contract. While we can disagree or agree, it doesn't matter. The federal government has started to eliminate these payments; federal public sector workers are no longer accumulating severance for a nice retirement package. I would think eventually the province will follow once they run out of options to tax the poop out of us -- whoops, don't want to give them any ideas.

The issue is overriding the rules to be hired back as a consultant, which is 12 months. I do enjoy all the NDP bashing going on though.

 

-- pegman123

Republished from the Winnipeg Free Press print edition May 11, 2014 A10

Fact Check

Fact Check

Have you found an error, or know of something we’ve missed in one of our stories?
Please use the form below and let us know.

* Required
  • Please post the headline of the story or the title of the video with the error.

  • Please post exactly what was wrong with the story.

  • Please indicate your source for the correct information.

  • Yes

    No

  • This will only be used to contact you if we have a question about your submission, it will not be used to identify you or be published.

  • Cancel

Having problems with the form?

Contact Us Directly
  • Print

You can comment on most stories on winnipegfreepress.com. You can also agree or disagree with other comments. All you need to do is be a Winnipeg Free Press print or e-edition subscriber to join the conversation and give your feedback.

You can comment on most stories on winnipegfreepress.com. You can also agree or disagree with other comments. All you need to do is be a Winnipeg Free Press print or e-edition subscriber to join the conversation and give your feedback.

Have Your Say

New to commenting? Check out our Frequently Asked Questions.

Have Your Say

Comments are open to Winnipeg Free Press print or e-edition subscribers only. why?

Have Your Say

Comments are open to Winnipeg Free Press Subscribers only. why?

The Winnipeg Free Press does not necessarily endorse any of the views posted. By submitting your comment, you agree to our Terms and Conditions. These terms were revised effective April 16, 2010.

letters

Make text: Larger | Smaller

LATEST VIDEO

Chief Clunis denies link between internal sexual-harassment investigation and Tina Fontaine case

View more like this

Photo Store Gallery

  • MIKE DEAL / WINNIPEG FREE PRESS 060711 Chris Pedersen breeds Monarch butterflies in his back yard in East Selkirk watching as it transforms from the Larva or caterpillar through the Chrysalis stage to an adult Monarch. Here an adult Monarch within an hour of it emerging from the Chrysalis which can be seen underneath it.
  • STDUP ‚Äì Beautiful West End  begins it's summer of bloom with boulevard s, front yards  and even back lane gardens ,  coming alive with flowers , daisies and poppies  dress up a backyard lane on Camden St near Wolseley Ave  KEN GIGLIOTTI  / WINNIPEG FREE PRESS  /  June 26 2012

View More Gallery Photos

Poll

Who will you vote for in Wednesday's mayoral race?

View Results

View Related Story

Ads by Google