With Rob Ford making the news on a daily basis for the past month or so, one issue that is rarely discussed is his compensation package. This is particularly pertinent because several Toronto City Councillors have assured the media that the city's business goes on with or without Rob Ford. So, with no further delay, from the City of Toronto website, here it is in all of its glory:
Health Benefits: 100 percent employer paid
Life Insurance (two times annual salary): 100 percent employer paid
Dental Insurance: 100 percent employer paid
Long Term Disability (75 percent of salary): 100 percent employer paid
OMERS Pension Plan Participation: Yes
Mileage Rate: $0.54 per kilometre for the first 5000 kilometres in a year, $0.48 per kilometre thereafter.
Every four years, at the beginning of each term of Council, the remuneration level for the Mayor and City Council are reviewed to ensure that the remuneration for each is at least in the 75th percentile of the comparator group. As well, the remuneration is increased annually on January 1st of each year by the increase in Statistics Canada's Toronto Consumer Price Index, in other words, the Mayor's salary is fully indexed to inflation, something that most of us don't have.
Severance: According to Municipal Code Chapter 223 , if the Mayor (or Member of City Council for that matter) is not re-elected or leaves for reasons of health, death or retirement etcetera, a severance of 1/12th of the member's annual remuneration is paid for every year of service to a maximum of 12 years of service. On top of this, the outgoing Mayor may receive an additional maximum of $3500 to be spent on outplacement, transition or retirement counselling. I always find it interesting that not being re-elected is considered a point of eligibility for severance. Apparently, if they win an election, they win and if they lose and election, they still win.
In addition to their own salaries, the Mayor and each member of Council is allowed to hire the following staff to an annual total of $220,409.28:
Executive Assistant: $44,007.60 to $82,628.00
Constituency Assistant: $36,199.80 to $68,468.40
Administrative Assistant Level 2: $36,199.80 to $68,468.40
Administrative Assistant Level 1: $27,682.20 to $51,979.20
So, there you go. That's how well Rob Ford is compensated, thanks to Toronto taxpayers.