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HomeMy Public PortalAboutCouncil Remuneration PolicyPage 1 of 2 COUNCIL POLICY Effective Date May 9, 2022 Page 1 of 2 SECTION: Finance TITLE: Council Remuneration Policy POLICY STATEMENT: Members of Council will be provided with fair and reasonable remuneration for performing the duties of their office. This policy is intended to clarify the remuneration and benefits available to a member of Council. For the purposes of this policy, the term “Council” and “Council members” shall include the Mayor and Water Councillors. POLICY: 1. REMUNERATION a. Effective January 1, 2022 the Mayor shall receive annual indemnity of $30,755.14, paid on a monthly basis. b. Effective January 1, 2022 each Councillor shall receive an annual indemnity of $16,402.64, paid on a monthly basis. c. Effective January 1, 2022 each Water Councillor shall receive an annual indemnity of $6,150.43, paid on a monthly basis. d. The remuneration of Council shall increase on January 1 of each year by the amount of the British Columbia Consumer Price Index (BC CPI) for the prior year. In years where the BC CPI is negative, the remuneration shall remain the same as the prior year. e. A stipend shall be paid to Council members appointed to an outside committee that does not provide stipends or travel expenses as follows: i. Full Day Meeting - $158.00 plus mileage and meals ii. Half Day Meeting - $79.00 plus mileage and meals Page 2 of 2 f. A stipend shall be paid for Council members to include an Acting Mayor Remuneration at $110.00 per month during Council’s three-month rotation. INDEMNIFICATION AND INSURANCE a. Each Council member shall receive travel accident insurance coverage of $200,000 with the premiums paid for by the Town, while acting reasonably and in good faith in performing the duties and functions of their positions with the Town. b. Council members may opt into the Town’s extended health and dental plan; provided they pay 100% of the premiums which will be deducted from remuneration. 2. REVIEW OF COUNCIL REMUNERATION a. Council remuneration is to be reviewed during the last year of the term of each Council. b. Council may request a committee of public members to review council remuneration and bring forward recommendations that would be effective for the newly elected Council. 3. RELATED POLICIES a. Travel and Expenses Policy b. Council Equipment (Information Technology) 4. EXCEPTIONS a. Exceptions to this policy may be made by majority vote of Council.