Why, when you’re on the European Union gravy train of course:

He recommended unequivocally that "members of the
House in receipt of pensions from the European Union should as a matter
of course declare such pensions as a financial interest when taking
part in debates, statements and questions on European Union matters".

Uniquely,
the committee, including Lord Williamson of Horton, the EU’s former top
civil servant, and Lord Howe of Aberavon, has now decided that Lord
Woolf’s recommendation can be ignored. Sure enough, in yet another
debate on the EU last Thursday, Lord Williamson and a bevy of former
Commissioners came out with their usual stream of pro-EU platitudes,
without once having to mention those handsome cheques they receive from
Brussels.

It should be noted that such pensions can be withdrawn, if, for example, former Commissioners do not uphold the interests of the EU.

Can we leave yet?