Ontario MP Barry Devolin, who has represented the Haliburton-Kawartha Lakes-Brock riding since 2004 has announced that he won't seek re-election in 2015 - just in time to begin immediately collecting his $59,464 MP pension. 

In 2012, when the government reformed MP pensions, they raised the age of eligibility to begin collecting to 65, from 55. But the reform wouldn't come into effect until 2015, meaning that MPs younger than 65 would have an incentive to retire early and begin collecting their pension immediately. In Devolin's case, he would have had to wait until he was 65 years old to collect his pension if he stayed in office anytime past the 2015 election. But to be fair, he also would have made much more money if he stayed in office past 2015 and continued to collect his $160,000 MP salary. 

If he lives until age 90, the average life span of parliamentary pension plan members, he will collect a total of $3 million from his MP pension.