New documents released by BC Ferries reveals that CEO David Hahn will receive supplemental pension benefits three times the value of the public service pension he'll also get when he retires. A Statement of Executive Compensation filed by BC Ferries with securities regulators June 27 lays out Hahn's total compensation package, including his two pensions. His B.C. public service plan will pay Hahn $77,000 a year and a special supplemental benefit will add another $237,000 annually for a total of about $314,000 every year if he works to age 62. Hahn earns a total take-home income of about $1 million, including incentives — an amount which has drawn criticism in the past as too high, given other comparable Crown corporation salaries.
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2 comments:
Expect the NDP to come out belching their usual rhetoric over the BC Ferries CEO.
Where in BC is their another Executive of his calibre that would want to run this highly political position with BC Ferries.
We have forgotten that the NDP spent $500 million dollars on three fast ferries that were duds and were sold for $15 million. The amortized debt of this fiasco resulted in a cost of $1.5 billion dollars over 20 years.
It's government. Give the job to the lowest bidder.
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