2. 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

4. A Decade Deeper

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

6. 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

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

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

9. 2002 Average Hamilton Wage $36,499 Average City Employee $43,160 Difference + 18.4%

10. 2012 Average Hamilton Wage $46,198 Average City Employee $ 70,148 Difference + 51.9

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

12. That’s Just Wages

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

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

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

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

17. 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%

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

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