Alberta college presidents to get a pay cut

Presidents at Alberta’s colleges and universities are getting a pay cut. Advanced Education Minister Marlin Schmidt announced last week that Alberta is bringing in a pay grid for the 20 leaders of its post-secondary institutions, to be fully in effect two years from now, writes Dean Bennett for The Canadian Press.

Schmidt said the salaries vary widely and the pay, particularly the bonus money, was out of step with other institutions and equivalent public service jobs. The two largest institutions – the University of Alberta and the University of Calgary – will be allowed to pay their presidents a base salary of no more than US$447,000 a year.

“By eliminating executive bonuses, we are bringing presidential pay more in line with that of the broader public sector and with that of [post-secondary] presidents in comparable jurisdictions across the country.” Schmidt said he didn’t expect much pushback from the presidents.
Full report on The Star site