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

A Decade Deeper

City’s Biggest Expense

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

% of Total Taxes – 91.4%

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

Hamilton Average Wage

2002

$36,499

2012

$46,198

Change 26%(CPI 21.7 %)

Statscan - Average hourly wages of employees

Average City Employee Wage

2002

$43,160

2012

$ 70,148

Change 61.5 %

Ministry of Municipal Affairs and HousingFinancial Information Return

2002

Average Hamilton Wage

$36,499

Average City Employee

$43,160

Difference + 18.4%

2012

Average Hamilton Wage

$46,198

Average City Employee

$ 70,148

Difference + 51.9

Compensation Bonus 2002 to 2012

Over compensation of city employees today compared to

2002 is:

$110,416,016 Annually

That’s Just Wages

Total EmployeeCompensation

$ 90,524

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

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

Salaries

2002 - $ 354,499,000

2012 – $ 501,535,000

Increase - 70.6%

Benefits

2002 - $ 33,506,000

2013 - $ 147,259,000

Increase – 439.5%

Sunshine List

Sunshine List 2002 – 37

Sunshine List 2012 – 818

Increase – 2,200%

Big Dogs

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

Total Increase 68%

Results

Unfunded Employee Benefits - $ 307,504,000

Long Term Debt - $ 1 Billion +++

Infrastructure Shortfall - $1 to $2 Billion

Thank you

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