Public sector compensation transparency act disclosure
The PSCTA became law on December 11, 2015. The Act requires the annual disclosure of name, position, compensation, non-monetary benefits and severance for all employees whose total calendar-year remuneration (earnings and taxable benefits) and severance exceeding the annual threshold, and for any compensation received by members of the Board of Governors.
What is the threshold?
The threshold will be adjusted cumulatively from year to year by a percentage equal to the increase to the Alberta Consumer Price Index. If the threshold is met, all remuneration, including severance and employer pension contributions, will be disclosed.
|Disclosure Year||Employee Threshold|
Who does the Act apply to?
The Act applies to all public sector agencies, board and commissions governed by the Alberta Public Agencies Governance Act. ACAD is legally bound by the Act and must comply.
What is defined as “compensation”?
Compensation is the total of all salary, allowances, supplements, and taxable benefits or other amounts paid to an employee that are included in Box 14 of the T4 slip or Box 028 or 105 of the T4A slip for the reporting year. It does not include any amount of severance paid in the reporting year.
Will “compensation” match annual salary?
Compensation is the amount that is paid to an employee in a year and required to be reported on Box 14, 105 or 028 of a T4/T4A slip. The amount paid may differ from an employee's annual salary due to variables such as date of hire or termination in the year, salary changes, overtime earned, additional teaching/appointments, additional taxable benefits, etc. The amount in Box 14 or 028 may also include taxable benefits provided by the College.
What are “non-monetary” benefits?
Non-monetary benefits include employer paid benefits for supplemental health, dental, employee/family assistance program, long-term disability, pension and workers compensation. Non-monetary benefits also include the employer's portion of CPP (Canada Pension Plan) and EI (Employment Insurance) contributions. The total amount of non-monetary benefits will be reported for all employees on the disclosure.
What is “severance”?
Severance is the total of any remuneration paid or payable to an employee in lieu of or supplementary to notice of termination of employment and any salary or remuneration paid or payable to an employee after permanent termination of employment. This number is reported in Box 66 and 67 of the T4 slip.
Where and when will the disclosure be published?
Each public sector body must publish the disclosure data by June 30 of each year on their respective organization's website. The disclosure data for ACAD will be published on the ACAD website and will be accessible directly from the Government of Alberta's compensation disclosure site.
Please contact Carol Clarke, Director, Human Resources, by phone at 403.284.7639 or email email@example.com if you have any questions regarding the Public Sector Compensation Transparency Act Disclosure.