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HomeMy WebLinkAboutGOV-COU-020 - Council Compensation 1 of 2 POLICY Policy No: GOV-COU-020 Policy Title: COUNCIL COMPENSATION Policy Type: COUNCIL Category: Governance Sub-Category: Council Author: Author Unknown Dept/Div: Office of the Mayor & Council Approval Date: December 9, 2002 Reviewed Date: June 2016 Next Review Date: July 2021 Reviewed Date: Last Amended: Replaces: I-020 - Council Compensation Repealed: Replaced by: Related Policies, Procedures and/or Guidelines: To be included next review. 1. POLICY PURPOSE: To be included at next review. 2. DEFINITIONS: To be included at next review. 3. SCOPE: POLICY APPLIES TO THE FOLLOWING: ☐ All Employees ☐ All Full-Time Employees ☐ All Union ☐ Management ☐ C.U.P.E. 68 Civic ☐ Non Union ☐ C.U.P.E. 68 Mechanics ☐ Temporary ☐ C.U.P.E. 791 ☐ Student ☐ I.B.E.W. 636 ☐ Part-Time Employees ☐ K.P.F.F.A. ☐ Specified Positions only: ☐ Other: ☒ Council ☐ Local Boards & Advisory Committees Policy No: GOV-COU-020 Policy Title: COUNCIL COMPENSATION 2 of 2 4. POLICY CONTENT: a. As of January 1, 2003 the Mayor’s and Councillor’s current base salary shall be $62,200 and $32,000 respectively. b. Effective December 1, 2003, the base salary of the Mayor and Councillors be set at $63,444 and $32,640 respectively. c. Effective with the election of City Council in 2003, the Mayor and Councillors receive an annual salary adjustment equal to the lesser of the annual adjustment received by City staff classified as M-band or classified as non- union employees, which shall take effect on the same date as the staff adjustment. d. Effective December 1, 2003, Councillors will have the option of receiving matching contributions to their individual RRSP up to the regular rate OMERS contribution. It is recognized that the Mayor currently receives contributions to his RRSP in lieu of the regular rate of OMERS contribution. e. Any amendment to this policy, other than for housekeeping purposes where the intent of the policy does not change, shall require at least one public meeting of which sufficient notice shall be given. 5. HISTORY OF POLICY CHANGES Administrative Updates 2016-06-01 - I-020 policy template re-formatted to new numbering system and given number GOV-COU-020. Formal Amendments No amendment history to date.