New NDP bill bans bonuses for executives and top managers

NEWS RELEASE

ANDREA HORWATH
NDP LEADER

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NDP introduces bill to ban bonuses for executives and top managers

QUEEN’S PARK – NDP Leader Andrea Horwath says New Democrats will be tabling a private members bill to ban bonuses for top executives and managers throughout the public sector.

"Families across Ontario are being told they have to make sacrifices in tough economic times, and when they see executives earning more in bonuses then they make in a year, they have every right to feel frustrated,” said Horwath. "At a time when the government is cutting hospitals and closing ERs, handing top executives a seven-figure bonus just isn't fair."

The Private member’s Bill introduced today, Performance Pay and Bonuses in the Public Sector Act (Management and Excluded Employees), 2012, will eliminate performance bonuses and all other bonuses and forms of incentive pay for senior managers and executives in the broader public sector for the next two years.

“This is a simple step the government could take today to show they were serious about fairness and a balanced approach to balancing the books," said Horwath.

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