article_snippet: Almost a dozen retiring MPs could see upwards of $130,000 per year paid out to Almost a dozen retiring MPs in Almost a dozen retiring MPs pensions, a move which could cost taxpayers $20 million in coming years.
article_snippet: Eleven of 19 members of parliament who are retiring after Saturday's NSW election, were elected before the pension reforms in 2007 and therefore qualify for the huge payouts.
article_snippet: Former Liberal Premier Barry O'Farrell was first elected in 1995, so Former Liberal Premier Barry O'Farrell will be eligible for the pension, however former Labor Premier Nathan Rees is among the eight MPs who will miss out, The Daily Telegraph reported.
article_snippet: Nearly a dozen retiring MPs, including former NSW Premier Barry O'Farrell have huge pensions awaiting Nearly a dozen retiring MPs, including former NSW Premier Barry O'Farrell .
article_snippet: Former Labor MPs Richard Amery (left) and Barry Collier (right) qualify to receive at least $130,000 a year .
article_snippet: George Souris, Nationals MP will also be eligible for a large sum after more than a quarter of a century in parliament .
article_snippet: The guidelines state that retiring members of parliament who have served a minimum of seven years, and were elected before 2007 are entitled to 48.8 per cent of the base parliamentary salary of $149,541.
article_snippet: For each month past the seven year mark, that figure rises by 0.2 per cent, meaning some MPs such as Labor's former father of the house Richard Amery could see more than $150,000 a year after Richard Amery 32 year service.
article_snippet: Nationals MP George Souris will also be eligible for a large sum after more than a quarter of a century in parliament, as will Labor MPs Carmel Tebbutt and Cherie Burton.
highlights_snippet: Eleven of 19 retiring NSW MPs could see pensions of at least $130,000 .
  
highlights_snippet: 19 retiring NSW MPs were elected before 2007 and therefore qualify for the huge payouts .
  