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Our Work

Our Work. Policy work Consulting on employee compensation and pensions MEPCO House of Commons Finance C ommittee Senate National Finance Committee Provincial consultations on pensions Municipal consultations on compensation Policy think tanks Chamber of Commerce

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Our Work

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  1. 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

  2. A Decade Deeper

  3. City’s Biggest Expense Taxation 2012 - $ 710,133,000 Employee Compensation - $ 648,794,000 % of Total Taxes – 91.4%

  4. Pensions Estimated top ten pensions at city $ 40 Million lifetime earnings Pensions over $100,000 a year 62 employees Public Sector Salary Disclosure Ontario Minister of Finance

  5. Hamilton Average Wage 2002 2012 $46,198 $36,499 Change 26% (CPI 21.7 %) Statscan - Average hourly wages of employees

  6. Average City Employee Wage 2002 2012 $ 70,148 $43,160 Change 61.5 % Ministry of Municipal Affairs and Housing Financial Information Return

  7. 2002 Average Hamilton Wage Average City Employee $43,160 $36,499 Difference + 18.4%

  8. 2012 Average Hamilton Wage Average City Employee $ 70,148 $46,198 Difference + 51.9

  9. Compensation Bonus 2002 to 2012 Over compensation of city employees today compared to 2002 is: $110,416,016 Annually

  10. That’s Just Wages

  11. Total EmployeeCompensation $ 90,524 Salaries - $ 70,148 – 77.5 % Benefits - $ 20,350 – 22.4 % Fire Average - $ 131,832 Police Average - $128,656

  12. Salaries 2002 - $ 354,499,000 2012 – $ 501,535,000 Increase - 70.6%

  13. Benefits 2002 - $ 33,506,000 2013 - $ 147,259,000 Increase – 439.5%

  14. Sunshine List Sunshine List 2002 – 37 Sunshine List 2012 – 818 Increase – 2,200%

  15. Big Dogs 2002 2012 Fire Chief - $ 134,690 $ 170,033 Police Chief - $ 140,022$ 228,401 City Manager $ 158,965 $ 233,608 Total Increase 68%

  16. Results Unfunded Employee Benefits - $ 307,504,000 Long Term Debt - $ 1 Billion +++ Infrastructure Shortfall - $1 to $2 Billion

  17. Thank you Bill Tufts 905-741-1904 Bill @ fairpensionsforall.net

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