Share on LinkedInShare on LinkedIn

ARTICLE · 08 OCTOBER 2018

New Ontario Executive Compensation Freeze

Miller Thomson
Miller Thomson
Contributor

Miller Thomson

Miller Thomson LLP ("Miller Thomson") is a national business law firm with approximately 500...

View firm profile
Explore more from Miller Thomson

The Ontario government recently issued Regulation 406/18 under the Broader Public Sector Executive Compensation Act 2014 (the BPSECA) ...

CanadaGovernment, Public Sector

The Ontario government recently issued Regulation 406/18 under the Broader Public Sector Executive Compensation Act 2014 (the BPSECA), freezing compensation for executives and heads of certain public bodies who earn $100,000 or more.

The regulation implements a cap on salaries and other compensation for designated executives, as well limiting the total amount of performance-related pay these designated employers can dispense.

The designated employers include a range of Ontario public sector employers, including school boards, universities and colleges. Most of these employers were required to freeze salaries and compensation for designated executives as of August 13, 2018, forestalling the compensation plans previously approved under former Regulation 304/16, which for most school boards would have seen modest increases in salaries for senior administrators. In accordance with the new regulation, these previously approved compensation plans are void where they are

We operate a free-to-view policy, asking only that you register in order to read all of our content. Please login or register to view the rest of this article.

The content of this article is intended to provide a general guide to the subject matter. Specialist advice should be sought about your specific circumstances.

See more popular content from