FTR Now
Government Announces New Compensation Restraints
Date: September 20, 2012
Earlier today, the Honourable Dwight Duncan, Ontario’s Minister of Finance, announced a series of new compensation restraints that will apply to government agencies, the Ontario Public Service and the Broader Public Sector. Among the highlights of the government’s announcement are:
- “Under the plan, executive pay would be permanently capped at no more than double the Premier’s salary — $418,000 per year,” possibly subject to limited exceptions.
- “Public sector managers would not earn any more money for the next two years than they did last year.”
- “Managers across the Ontario Public Service (OPS) would see a three-year freeze.”
You may find a copy of the government’s press release here: “Capping Executive Compensation and Freezing Pay for Public Sector Managers“.
The government did not introduce a Bill today to put these measures in place. Hicks Morley will continue to monitor these developments closely, and will provide an analysis of the Bill after it has been tabled.
If you have questions about any of these developments, please contact your regular Hicks Morley lawyer.
The articles in this Client Update provide general information and should not be relied on as legal advice or opinion. This publication is copyrighted by Hicks Morley Hamilton Stewart Storie LLP and may not be photocopied or reproduced in any form, in whole or in part, without the express permission of Hicks Morley Hamilton Stewart Storie LLP. ©
