At its meeting on
January 24th, 2001, City Council approved the following remuneration
for its Members:
MAYOR
|
|||
|
Pay |
Total |
Taxable |
Non-taxable Allowance* |
Annual
|
$110,135.00 |
$73,424.26 |
$36,711.22 |
Bi-weekly
|
$4,235.96 |
$2,824.01 |
$1,411.97 |
|
COUNCILLOR |
|||
|
Pay |
Total |
Taxable |
Non-taxable Allowance* |
Annual
|
$56,000.00 |
$37,333.33 |
$18,666.67 |
Bi-weekly
|
$2,153.85 |
$1,435.90 |
$717.94 |
*One-third of the remuneration received by elected officials is deemed to be for expenses and is, therefore, non-taxable [see the Municipal Act and the Income Tax Act].
Members of Council may be entitled to receive other compensation with respect to various local boards in accordance with the decisions of those bodies.
Transportation Allowance/Mileage
A transportation allowance is
provided to each Member of Council in the amount of $250.00 bi-weekly to a
maximum of $500.00 per month and is taxed in accordance with the Income Tax
Act. The Mayor does not receive a transportation allowance. In the alternative, the Mayor is provided
with a car and driver.
Benefits
Members of Council are entitled to the following benefits: extended health care; life and dental
insurance; and, long-term disability.
The current levels of coverage are as follows;
o Extended Health Care (premiums fully paid)
o Dental Care (shared 25%/75% by Council/City)
o Life Insurance (premiums shared 25%/75% by Council/City)
o Long-Term Disability and Pension Benefits (employer/employee matched contributions)
Pension
The Ontario
Municipal Employees Retirement System (“OMERS”) is a multi-employer pension
plan for employees and elected officials of Ontario municipalities and local
boards and has been in place since 1962.
OMERS is a contributory defined benefit pension plan with normal
retirement age at 65 years.
Enrolment is
mandatory for all Members of Council.
Contributions are matched by the employer and are based on the taxable
portion of the Member of Council’s earnings as follows:
·
6.0% of
earnings up to the Years' Maximum Pensionable Earnings (YMPE)(<$40.1K)
·
8.8% of
earnings over the Years' Maximum Pensionable Earnings (YMPE)
Amendments/Enhancements
Any changes, amendments or enhancements to the
insured benefit plans, or OMERS pension plan set out in this Manual that are
applicable to General Managers will also be extended to the Member of Council’s
benefit plans. This may include changes to premium rates, level of benefit
reimbursement, or benefit plan design.