Farkas declines council pension, transition allowance
The outgoing Ward 11 councillor, who proved unsuccessful in his attempt to become Calgary's next mayor, says he has made good on his promise to refuse his council pension.
One day after finishing second to now mayor-elect Jyoti Gondek, Jeromy Farkas confirmed on social media that he had "declined the City Council golden pension and transition allowance."
According to Farkas, the cost of declining the "golden pension" will likely exceed $290,000 as he would have been eligible for $9,433 per year, rising with inflation, plus Canada Pension Plan contributions, after serving a four-year term.
"A promise made is a promise kept," said Farkas in Tuesday's statement.
Several early polls suggested Farkas was the frontrunner in a two-horse race but, when the results from 256 of the 259 tabulators were compiled, he was defeated by Gondek by nearly 58,000 votes (172,314 to 114,482).
Farkas has not disclosed whether he has future political aspirations.
CTVNews.ca Top Stories
From outer space? Sask. farmers baffled after discovering strange wreckage in field
A family of fifth generation farmers from Ituna, Sask. are trying to find answers after discovering several strange objects lying on their land.
Broadcaster and commentator Rex Murphy dead at 77: National Post
The National Post is reporting that Rex Murphy, the pundit and columnist who hosted a national call-in radio show for decades, has died.
Pearson gold heist suspect arrested after flying into Toronto from India
Another suspect is in custody in connection with the gold heist at Toronto Pearson International Airport last year, police say.
Millions of cyberattacks per hour as B.C. government investigates multiple breaches
Careful attention to government statements and legislation is required to get a handle on the level of risk British Columbians’ information is under, as investigators probe multiple breaches under a continued barrage of attacks.
Ontario family receives massive hospital bill as part of LTC law, refuses to pay
A southwestern Ontario woman has received an $8,400 bill from a hospital in Windsor, Ont., after she refused to put her mother in a nursing home she hated -- and she says she has no intention of paying it.
Debate on abortion rights erupts on Parliament Hill, Poilievre vows he won't legislate
A Conservative government led by Pierre Poilievre would not legislate on, nor use the notwithstanding clause, on abortion, his office says, as anti-abortion protesters gather on Parliament Hill.
Justin and Hailey Bieber are expecting their first child together
Hailey and Justin Bieber are going to be parents. The couple announced the news on Thursday on Instagram, both sharing a video that showcases Hailey Bieber's growing belly.
Here are the ultraprocessed foods you most need to avoid, according to a 30-year study
Studies have shown that ultraprocessed foods can have a detrimental impact on health. But 30 years of research show they don’t all have the same impact.
New 'Lord of the Rings' film coming in 2026
The Oscar-winning team behind the nearly US$6 billion blockbuster 'Lord of the Rings' and 'The Hobbit' trilogies is reuniting to produce two new films.