Majority Leader proposes carbon credit-funded Pension Scheme for former MPs
Majority Leader Mahama Ayariga has proposed establishing a committee to explore pension models for former Members of Parliament (MPs), funded through carbon credit revenues and other non-taxpayer sources.
Presenting his proposal in Parliament on January 29, Ayariga underscored the need to support retired MPs facing financial hardship.
“I propose that this House sets up a committee to design a pension scheme for retired MPs, financed by carbon credit revenues and other sustainable sources,” he stated.
Ayariga highlighted that many MPs dedicate decades to public service yet leave Parliament without adequate pension arrangements. He stressed that financial security for MPs would reduce susceptibility to bribery and undue influence, ensuring they serve with integrity.
Addressing concerns about the initiative, he clarified that this was not a self-serving proposal but a necessary step to strengthen Parliament and attract top talent.
“Public service demands sacrifice, dedication, and long hours, often at the expense of personal and family life. It is only fair that we recognize MPs’ contributions and provide them with a dignified retirement,” he argued.
He also noted that a well-structured pension scheme would reduce corruption, promote transparency, and allow MPs to focus on governance rather than financial survival. Many countries have similar schemes, ensuring experienced lawmakers can contribute effectively without financial insecurity.
Ayariga urged Parliament to support the initiative, emphasizing that a secure retirement system for MPs would create a stronger, independent legislature committed to national development.
