Our Work Policy work Consulting on employee compensation and pensions MEPCO House of Commons Finance...

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Transcript of Our Work Policy work Consulting on employee compensation and pensions MEPCO House of Commons Finance...

Page 1: Our Work Policy work Consulting on employee compensation and pensions MEPCO House of Commons Finance Committee Senate National Finance Committee Provincial.
Page 2: Our Work Policy work Consulting on employee compensation and pensions MEPCO House of Commons Finance Committee Senate National Finance Committee Provincial.

Our Work

Policy work • Consulting on employee compensation and pensions• MEPCO • House of Commons Finance Committee • Senate National Finance Committee• Provincial consultations on pensions • Municipal consultations on compensation • Policy think tanks

» Chamber of Commerce» Canadian Federation Independent Business

Page 3: Our Work Policy work Consulting on employee compensation and pensions MEPCO House of Commons Finance Committee Senate National Finance Committee Provincial.
Page 4: Our Work Policy work Consulting on employee compensation and pensions MEPCO House of Commons Finance Committee Senate National Finance Committee Provincial.

A Decade Deeper

Page 5: Our Work Policy work Consulting on employee compensation and pensions MEPCO House of Commons Finance Committee Senate National Finance Committee Provincial.

City’s Biggest Expense

Taxation 2012 - $ 710,133,000Employee Compensation - $ 648,794,000

% of Total Taxes – 91.4%

Page 6: Our Work Policy work Consulting on employee compensation and pensions MEPCO House of Commons Finance Committee Senate National Finance Committee Provincial.

Pensions

Estimated top ten pensions at city $ 40 Million lifetime earnings

Pensions over $100,000 a year 62 employees

Public Sector Salary DisclosureOntario Minister of Finance

Page 7: Our Work Policy work Consulting on employee compensation and pensions MEPCO House of Commons Finance Committee Senate National Finance Committee Provincial.

Hamilton Average Wage

2002

$36,499

2012

$46,198

Change 26%(CPI 21.7 %)

Statscan - Average hourly wages of employees

Page 8: Our Work Policy work Consulting on employee compensation and pensions MEPCO House of Commons Finance Committee Senate National Finance Committee Provincial.

Average City Employee Wage

2002

$43,160

2012

$ 70,148

Change 61.5 %

Ministry of Municipal Affairs and HousingFinancial Information Return

Page 9: Our Work Policy work Consulting on employee compensation and pensions MEPCO House of Commons Finance Committee Senate National Finance Committee Provincial.

2002

Average Hamilton Wage

$36,499

Average City Employee

$43,160

Difference + 18.4%

Page 10: Our Work Policy work Consulting on employee compensation and pensions MEPCO House of Commons Finance Committee Senate National Finance Committee Provincial.

2012

Average Hamilton Wage

$46,198

Average City Employee

$ 70,148

Difference + 51.9

Page 11: Our Work Policy work Consulting on employee compensation and pensions MEPCO House of Commons Finance Committee Senate National Finance Committee Provincial.

Compensation Bonus 2002 to 2012

Over compensation of city employees today compared to

2002 is:

$110,416,016 Annually

Page 12: Our Work Policy work Consulting on employee compensation and pensions MEPCO House of Commons Finance Committee Senate National Finance Committee Provincial.

That’s Just Wages

Page 13: Our Work Policy work Consulting on employee compensation and pensions MEPCO House of Commons Finance Committee Senate National Finance Committee Provincial.

Total EmployeeCompensation

$ 90,524

Salaries - $ 70,148 – 77.5 %Benefits - $ 20,350 – 22.4 %

Fire Average - $ 131,832Police Average - $128,656

Page 14: Our Work Policy work Consulting on employee compensation and pensions MEPCO House of Commons Finance Committee Senate National Finance Committee Provincial.

Salaries

2002 - $ 354,499,000

2012 – $ 501,535,000

Increase - 70.6%

Page 15: Our Work Policy work Consulting on employee compensation and pensions MEPCO House of Commons Finance Committee Senate National Finance Committee Provincial.

Benefits

2002 - $ 33,506,000

2013 - $ 147,259,000

Increase – 439.5%

Page 16: Our Work Policy work Consulting on employee compensation and pensions MEPCO House of Commons Finance Committee Senate National Finance Committee Provincial.

Sunshine List

Sunshine List 2002 – 37

Sunshine List 2012 – 818

Increase – 2,200%

Page 17: Our Work Policy work Consulting on employee compensation and pensions MEPCO House of Commons Finance Committee Senate National Finance Committee Provincial.

Big Dogs

2002 2012 Fire Chief - $ 134,690 $ 170,033Police Chief - $ 140,022 $ 228,401City Manager $ 158,965 $ 233,608

Total Increase 68%

Page 18: Our Work Policy work Consulting on employee compensation and pensions MEPCO House of Commons Finance Committee Senate National Finance Committee Provincial.

Results

Unfunded Employee Benefits - $ 307,504,000

Long Term Debt - $ 1 Billion +++

Infrastructure Shortfall - $1 to $2 Billion

Page 19: Our Work Policy work Consulting on employee compensation and pensions MEPCO House of Commons Finance Committee Senate National Finance Committee Provincial.

Thank you

Bill Tufts 905-741-1904 Bill @ fairpensionsforall.net