No bonus. No vehicle allowance. And less pay.
That’s the reality for the next person to become TransLink’s CEO.
The agency says it has resumed the search for a new leader, and the mayors’ council on regional transportation has signed off on a new, lower salary range for the position.
The minimum annual salary that can be earned is just $325,092. The maximum is $406,364.
In 2014, the total amount of cash compensation for the CEO was $435,015, not counting pension and benefits.
Vehicle allowances will be cut for all executives.
In a statement, Translink board chair Barry Forbes says he believes the changes will address the public’s concerns.
Port Coquitlam Mayor Greg Moore says agrees.
“I think there was some challenges that the mayors had with the bonus structure because we don’t do that in our local governments or regional district.
“And then I think with the vehicle levy, a lot of local governments, I know here in the City of Port Coquitlam, over the last few years, when we hired a new exempt manager, they don’t get a vehicle levy.
“So we are weaning off of that as well, and so I think, heading up a transit authority, I think a bus pass is more appropriate than a vehicle levy.”
He also says Translink holding its first open board meeting last week is a good move towards transparency.