Public Sector Body Compensation Disclosure
The Public Sector Compensation Transparency Act requires public sector bodies to publicly disclose all remuneration paid to employees earning more than $125,000 in a calendar year. This disclosure is done by publishing a statement of remuneration which sets out the required information for each employee over the earning threshold and must be published by June 30 each year for compensation paid in the previous calendar year.
(1) Compensation includes salary and, where applicable, cash out of vacation and taxable benefits related to employer provided automobile and life insurance
(2) Other includes the employer’s share of non-cash benefits and contributions or payments made on behalf of the employees including Canada pension plan, employment insurance, pension, supplementary retirement plans, medical and dental, and disability plans
(3) Severance includes payments when employment ends or retiring allowance