Ontario’s Ministry of Finance today released public sector salary disclosure for the latest fiscal year, ending March 31. It reports all public sector employees earning at least $100,000 in annual salary.
The salary disclosure figures reveal that OMERS chief executive, Paul Haggis, took home about $2.24 million in compensation for the latest year. OMERS’senior vice president investments, Paul Pugh, also broke the $1 million barrier, earning $1.24 million in the year.
Over at the Ontario Securities Commission, Chairman David Wilson was far and away the best paid employee, earning more than $700,000 last year. However, Wilson’s salary also includes an added five months of bonus for the November to March period, which was added in May 2007 because of the timing of his appointment. This means the $700,000 includes 17 months of bonus, rather than the standard twelve. This puts him well ahead of second place for this year, the OSC’s executive director, Peggy Dowdall-Logie, who earned just over $379,000.
Including those two, only five OSC employees made more than $300,000 last year. Another 28 employees made between $200,000 and $300,000. Overall, 189 employees OSC made at least $100,000 in the latest year, up from 173 last year. The combined total of these salaries exceeds $31 million.
On the insurance regulation side, only one employee at the Financial Services Commission of Ontario — CEO Robert Christie — earned as much as $200,000. He was paid just under $225,000 for the year.
OSC, OMERS officers pay revealed
$100,000 club keeps getting bigger at securities commission
- By: IE Staff
- March 31, 2008 March 31, 2008
- 15:40