AB places new limits on university, college presidents’ pay

The Alberta government has announced that it plans to place new limits on salaries, bonuses, and other benefits paid to college and university presidents in the province. Starting April 15th this year, new pay bands will come into effect in the province. The province has also announced that existing contracts will have to be in line with the new guidelines by April 14th, 2020.  The Edmonton Journal reports that the practice of paying bonuses will also end, as will benefits such as free sports club memberships, signing bonuses, and executive allowances. The chairs of the University of Calgary and University of Alberta boards of governors have expressed concern about how the new pay guidelines will affect their efforts to recruit top talent. CBC