Ont. to freeze wages for public sector bosses
The provincial government is moving to freeze wages for CEOs & senior execs across the broader public sector.
The Finance Minister has introduced a bill to cap the salaries of upper managers at places likes universities & hospitals at $418 000/year. The 150 execs who already make more than that won't have their pay rolled back.
Some people are exempt from the cap, including the Chief Nuclear Officer at Ontario Power Generation.
The Liberals will also freeze the pay for about 8 800 managers in the Ontario civil service, a move they say will save about $12-million/year.
The government can't say how many people in the broader public sector will be affected by the legislation, or how much cash will be saved.
All they can say is the number will be less than 350,000.
The government has warned it's planning a legislated 2-year wage freeze the entire broader public sector, if it can't negotiate 0% increase deals. That would impact 1.8-million workers.
The government has already forced a contract on the province's teachers.