Tuesday, January 14, 2014

London: A Decade Deeper


London:  A Decade Deeper
City spending from 2002 to 2012


Debt grew 50%       ...from $264 million to $396 million
which now costs taxpayers $88.5 million per year to service


Spending grew 83.7%        ...from $518 million to $951 million
that’s 3.9 times the rate of inflation


Full-time Employees grew 14.2%        ...from 2,686 to 3,067
and seasonal employees grew 328%        ...from 505 to 1,656


Compensation per employee grew 72%
costing taxpayers $396 million per year, or 82.4% of city’s annual tax revenue
while the Canadian average inflation-adjusted wage has remained flat


Average Household Tax Bill grew 74.5%
that’s 3.4 times the rate of inflation





London Police Service

Police compensation costs grew 102.4%

Average compensation is now $102,121 per LPS employee, up from $64,360 in 2002
London Fire Department
Fire Dept compensation costs grew 78.0%

Average compensation is now $130,806 per LFD employee, up from $76,888 in 2002


The average age of retirement for Police Service and Fire Service employees is 53 in most Ontario cities.


A city employee retiring under the OMERS pension plan with a salary of $48,000 will have made $50,000 in pension contributions, but will receive total pension payments of $960,000.

The Sunnier Side
For employees on the City’s Sunshine List


$100,000+ Club
In 2002, only 25 city employees, including 6 police officers, earned over $100,000.
In 2012, 393 city employees, including 191 police officers, earned over $100,000.


The 1%-ers
The top 10 earners at city hall will take home over $40 million in pensions if fully qualified for pensions when they retire


Banking Days Off
We owe city employees over $128 million in employee benefits including sick payouts and vacation payouts at retirement, along with health benefits after they retire


Golden Retirements
There are over 25 employees on track to earn pensions in excess of $100,000 the first year of retirement.


Sunny Salaries
Chief of Police salary was $205,717 in 2012, up from $139,337 in 2002
Fire Chief salary was $163,889 in 2012, up from $120,144 in 2002
not including an additional 30.4% pay towards benefits and pensions


Top 10 Pensions

Lifetime
Chief Administrative Officer
$5,893,769
Chief of Police
$4,495,569
Executive Director, Planning, Environmental & Engineering Services
$4,446,105
Deputy Chief of Police, Support & Admin
$3,948,243
Fire Chief
$3,910,912
Chief Human Resources Officer
$3,866,580
City Solicitor
$3,866,580
Deputy Chief of Police, Operations
$3,831,804
Managing Director, Corporate Assets
$3,651,073
Director, Social & Community Support Services
$3,537,190
Total Top 10 pensions
$41,447,830

Unless otherwise noted, figures used in this report were obtained from the FIR documents. These are annual filing made by the City to the Province of Ontario, Ministry of Municipal Affairs and Housing. http://csconramp.mah.gov.on.ca/fir/Welcome.htm

Edit: Due to formatting limitations, the blog version of this report lacks the original footnotes. See the original document for full footnotes.