With files from Janet Brown
The numbers are out, and we’re getting a look at which public sector employees will take home the most this year.
Along with today’s 2015 fiscal update, the ministry of finance has released its list of executive compensation.
Finance minister Mike de Jong also says B.C. is unfreezing public sector executive salaries, which have been locked for the last four years, as the province struggles to attract top talent.
Where is your money going?
The province says total compensation is up 2.3% over last year, which it attributes to a number of new executives starting last year and not earning their full salary. It says compensation is 2% down from its peak in 2013.
In total, the province is shelling out $68-million in executive compensation for the 2015-2016 year.
The lion’s share of that, $28-million, goes to management at crown corporations. College salaries come in second for a total of about $14-million, followed by the health sector at just under $13-million.
The smallest share went to public sector executives, at just $2.4-million.
B.C.’s highest paid sectors and employees
Not surprisingly, many of the top paid executives are working in crown corporations.
Topping the list is Thomas Bechard, Managing Director of Powerex, a subsidiary of BC Hydro.
His base salary was $359,000 but his total compensation package was $876,000.
That is down slightly from the year before, at $957,000.
Number 2 is former UBC President Arvind Gupta who received a total compensation package of $576,000.
Number 3 is BC Securities Commission chair Brenda Leong with a compensation package totaling half a million.
Three university presidents made the top 10 list, including SFU president at #6 ($478,900) and UVic president Jamie Cassels ($407,700).