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British Columbians help reduce COVID-19 impacts on Province’s finances

British Columbians help reduce COVID-19 impacts on Province’s finances

July 28, 2021 at 10:58 am  BC, News, Politics

The B.C. government is committed to building a strong, inclusive and sustainable economy by investing in infrastructure and programs that support opportunity for all.

B.C. is not alone in facing the challenges of COVID-19, but with the support of a strong public sector, the crisis is being faced head-on by investing in British Columbians and delivering the services on which they depend.

This is the 14th year that the Ministry of Finance has disclosed the total compensation paid to senior management employees working in key decision-making positions across B.C.’s public sector. The annual disclosure reflects the compensation decisions made prior to March 31 for the fiscal year of 2020-21.

Public sector executives lead in the innovation and delivery of services that support communities in every corner of the province as historic investments in health, housing, child care and infrastructure are delivered.

Total compensation paid to executives at B.C. public sector organizations reflects their responsibilities in delivering on government’s commitment to improving the public services people depend on, making life more affordable and building a strong, inclusive, sustainable economy for the people of this province.

B.C. is a national leader in its reporting standards for executive compensation, which includes base pay, pensions, benefits, merit/performance pay/holdbacks and an explanation of the compensation paid.

Disclosure statements can be found on the websites of the employers, as well as the Public Sector Employers’ Council Secretariat:
https://www2.gov.bc.ca/gov/content/governments/services-for-government/public-sector-management/compensation/executive-compensation-disclosures

2020-21 Top 10:

1. Thomas Bechard, president and CEO, Powerex

Salary: $358,800
Holdback/bonus: $540,000
Benefits: $18,280
Pension: $17,441
All other compensation: $0
Total compensation 2020-21: $934,521
Total compensation 2019-20: $937,845

2. Santa J. Ono, president and vice-chancellor, University of British Columbia
Salary: $479,400
Holdback/bonus: $0
Benefits: $12,374
Pension: $46,933
All other compensation: $73,005
Total compensation 2020-21: $611,712
Total compensation 2019-20: $605,225

3. Chris O’Riley, president and CEO, BC Hydro
Salary: $378,338
Holdback/bonus: $31,641
Benefits: $23,427
Pension: $95,719
All other compensation: $60,989
Total compensation 2020-21: $590,114
Total compensation 2019-20: $566,084

4. Brenda Leong, chair, BC Securities Commission
Salary: $459,340
Holdback/bonus: $0
Benefits: $13,436
Pension: $45,245
All other compensation: $8,983
Total compensation 2020-21: $527,004
Total compensation 2019-20: $515,203

5. James Hamilton, president, Okanagan College
Salary: $213,969
Holdback/bonus: $0
Benefits: $7,950
Pension: $22,124
All other compensation: $251,450
Total compensation 2020-21: $495,493
Total compensation 2019-20: $249,030

6. Benoit Morin, president and chief executive officer, Provincial Health Services Authority
Salary: $352,054
Holdback/bonus: $0
Benefits: $13,701
Pension: $34,883
All other compensation: $79,176
Total compensation 2020-21: $479,814

Total compensation 2019-20: $62,880

7. Nicholas Jimenez, president & chief executive officer, Insurance Corporation of BC
Salary: $396,675
Holdback/bonus: $0
Benefits: $15,614
Pension: $51,171
All other compensation: $4,445
Total compensation 2020-21: $467,905
Total compensation 2019-20: $474,680

8. Andrew Szeri, vice-president academic and provost, University of British Columbia

Salary: $405,756
Holdback/bonus: $0
Benefits: $8,709
Pension: $39,569
All other compensation: $2,000
Total compensation 2020-21: $456,034
Total compensation 2019-20: $452,374

9. James Cassels, president and vice chancellor, University of Victoria
Salary: $230,884
Holdback/bonus: $0
Benefits: $7,528
Pension: $46,737
All other compensation: $166,768

Total compensation 2020-21: $451,917
Total compensation 2019-20: $443,207

10. David Wong, executive vice-president and chief financial officer, finance, tech, supply chain, BC Hydro
Salary: $297,374
Holdback/bonus: $49,739
Benefits: $21,354
Pension: $75,236
All other compensation: $3,455
Total compensation 2020-21: $447,158
Total compensation 2019-20: $437,755

Note: Total compensation includes base salary, performance-based holdback or merit pay, statutory and health benefits and pension contributions, as well as other allowances and/or payments, such as unused vacation, sick leave payout, vehicle allowance, paid parking, lump sum severance or salary continuance, retirement allowance, professional fees and administrative leave.

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