The Regional District of Central Okanagan board has started to deal with the elimination of the one-third non-taxable allowance of their annual stipends.
|Gail Given, chair of the Regional District of Central Okanagan board.|
Kelowna city council approved an indemnity increase to cover the remuneration tax-free loss along with added tax and Canada Pension changes, but the RDCO will deal with the matter later in the year.
According to a RDCO report, staff will bring forward amendments to the Directors Remuneration and Expenses Bylaw proposing a one-time 14.25 per cent increase on the entire remuneration amount to cover the increased tax and CPP changes.
That increase will amount to just over a $2,300 increase for municipal directors, $2,890 for electoral area directors and $5,945 for the board chair.
Those increases would alter the overall remuneration to $47,671.39 for the board chair, $23,176.08 for electoral area directors and $18,540.93 for municipal directors.
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