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WSIAT Proposed Executive Compensation Program for Public Consultation (March 8th - April 12th, 2018)

On September 6th, 2016, the Ontario government announced its new legislation on executive compensation.  Amendments to the legislation were later released on June 9th, 2017 and November 2nd, 2017.  Ontario Regulation 304/16 Executive Compensation Framework (“the Regulation”) applies to all employers under the Broader Public Sector Executive Compensation Act, 2014 (“BPSECA”). The BPSECA legislation applies to Ontario public organizations.

The Regulation requires designated Ontario Broader Public Sector (“BPS”) employers to provide a written disclosure of their compensation programs for employees receiving over $100,000 in cash compensation for a given calendar year and deemed to be in an executive or senior leadership role within the organization.  Employers are required to include and disclose the following components of their program:

Submission Process Summary

All designated organizations were required to submit their proposed executive compensation program no later than September 29, 2017 to the overseeing Minister. The Workplace Safety and Insurance Appeals Tribunal (the “WSIAT” or “Tribunal”) received a submission extension to December 31st, 2017.  The WSIAT filed their draft executive compensation program to the Ministry of Labour (“Ministry”) in advance of this deadline and the Ministry has provided feedback to the WSIAT.

In general, the employer may go through one or more amendment processes to address all government feedback, if any, from both the presiding Ministry and the Treasury Board Secretariat (“TBS”) before progressing to the public consultation stage.

The WSIAT has been granted tentative approval from the Ministry/TBS, and is now seeking to gather additional feedback from the public on the draft executive compensation program by posting this document on our public website for a period of at least 30 days.  Following this consultation period, a summary of the public feedback and any changes to the Tribunal’s proposed Executive Compensation Program will be submitted to the Ministry of Labour for final approval.  The final Executive Compensation Report will be posted on the Tribunal’s website following approval by the Ministry, TBS and the WSIAT Chair.

WSIAT Proposed Executive Compensation Program

This document describes in detail the proposed executive compensation program for the WSIAT. If you wish to comment on the program, please email Exec.Compensation@wst.gov.on.ca between March 8th, 2018 and April 12th, 2018.

WSIAT Proposed Executive Compensation Program