Compensation reporting is required for public sector employees with an annual base salary of $125,000 or more.
Public sector excluded and executive employees who are not covered by collective agreements are covered by specific provisions of the Public Sector Employers Act. These provisions of the Act are designed to support and coordinate reasonable compensation practices for this group of employees. Specifically, the Public Sector Employers Act addresses compensation plans, severance standards, and the accrual of vacation and sick leave.
The Public Sector Employers’ Council (PSEC) works with public sector employers associations to ensure that executive compensation is reasonable and fair, neither leading nor lagging the relevant labour market comparators. Public sector employers have the option to use variable incentive pay compensation plans as a way to recruit and retain employees. PSEC guidelines and principles describe industry best practices that may assist employers in designing and implementing these pay plans.
Executive compensation plans must also take into consideration the current fiscal and labour relations environment (see Public Sector Employers’ Council Secretariat).
Senior Administrator Compensation
A significant portion of “all other compensation” reported for the President of UBC pertains to taxable benefits related to housing. UBC requires the President and his family to live in the Norman A. Mackenzie House, located on the Vancouver campus. This arrangement is designed to support the integration of the President as an accessible part of the University community, and facilitates entertaining related to University business.
President’s Contact and Expenses
A significant aspect of the UBC President’s responsibilities is to forge international academic and research agreements, champion fundraising and alumni engagement, and hold high-level discussions with government, peer institutions, and provincial, national, and international academic organizations.
The President’s annual expenses report reflects the scope of the role, which entails considerable domestic and international travel. In addition, UBC operates on two campuses, requiring the President’s frequent presence in the Okanagan.
Financial Information Act
The BC Financial Information Act requires that public institutions publish certain supplementary information. This information is not audited by the external auditors. It includes payments to suppliers in excess of $25,000; employee salaries above $75,000; remuneration for our Board of Governors, and details of outstanding debt. This information is published annually, following the March 31 year end.