CASA Executive Salaries - oink oink
Compressor Stall, don't worry, I have not felt the need to measure my own pee pee, however I have had the mispleasure of working with a number of individuals who did.
Now, down to buiness:
I thought I would put together a little package to highlight the earnings within the CASA executive group. It’s a nauseating breakdown of where your taxpayer money is going. The details below are ONLY for the executive group, not other staff such as inspectors, plebs, skirt riders and admin people have been included. I have also included the consultancy fees!! As you will see those piggies certainly have their robust snouts planted deeply within the trough.
All aboard the gravy train, toot toot. Next stop is the taxpayer purse, toot toot!
2011 / 2010 Highlights
Suppliers Goods and services Consultancies and service contracts:
2011($’000) = 15,793 and 2010($’000) = 14,232. Yes indeed, millions and millions on spent on those sweet Consultants.
Director’s remuneration:
The number of non-executive directors of the Authority included in these figures are shown below in the relevant remuneration bands.
Less than $150,000 = 4 .Total number of non-executive directors of the Authority 4. Total remuneration received or due and receivable by directors 2011= $315,798, 2010 = $280,681
Senior Executive Remuneration Expense for the Reporting Period:
Total expense recognised in relation to senior executive employment 2011, 2010 and Short-term employee benefits: Salary (including annual leave taken):
2011 - $4,125,845
2010 - $3,501,683
Annual leave accrued
2011 – $415,990
2010 - $310,457
Performance bonus
2011- $643,516
2010 - $458,704
Allowances
2011 - $109,969
2010 - $187,539
Total short-term employee benefits
2011 - $ 5,295,320
2011 - $4,458,383
Post-employment benefits:
Superannuation
2011 - $544,390
2010 - $ 449,322
Total post-employment benefits
2011 - $544,390
2010 - $ 449,322
Other long-term benefits:
Long-service leave
2011- $186,414
2010 - $ 148,499
Termination benefits
$150,271
Total =
2011 = $ 6,026,124
2010 = $5,206,475
Average Annual Remuneration and Bonus Paid for Substantive Senior Management -
Total remuneration (including part-time arrangements) I have included 2011 only:
Salary range Execs Actual Salary Bonus
$150,000 - $179, 999 (6) $166, 044 $15, 928
$180, 209 - $209,999 (7) $199,740 $22,244
$210,000 - $239, 999 (1) $232,001 $36,000
$240,000 - $269,999 (5) $255,648 $42,338
$450, 000 - $479, 999 (1) $479, 404 - - - - - -
Of interest is the executive positions grew by 4 since 2010
Variable Elements: With the exception of performance bonuses, variable elements are not included in the ‘Fixed Elements and Bonus Paid’ table above.
The following variable elements are available as part of the senior executives’ remuneration:
(a) Performance bonuses: Bonuses were based on the performance rating of each individual. The maximum bonus that an individual could receive was 15 per cent of his/her total employment cost.
(b) On average senior executives are entitled to the following leave entitlements: Annual Leave (AL): entitled to 20 days (2010: 20 days) each full year worked (pro-rata for part-time SES) Personal Leave (PL): entitled to 18 days (2010: 18 days) or part-time equivalent; and Long Service Leave (LSL): in accordance with Long Service Leave (Commonwealth Employees) Act 1976.
(c) Senior executives are members of one of the following superannuation funds: Australian Government Employee Superannuation Trust (AGEST): this fund is for senior executives who were employed for a defined period. Employer contributions were set at 9 per cent (2010: 9 per cent); Commonwealth Superannuation Scheme (CSS): this scheme is closed to new members, and employer contributions were averaged 28.3 per cent (2010: 24 per cent); Public Sector Superannuation Scheme (PSS): this scheme is closed to new members, with current employer contributions set at 15.4 per cent (2010: 15.4 per cent); Public Sector Accumulation Plan (PSSap): employer contributions were set at 15.4 per cent (2010: 15.4 per cent), and the fund has been in operation since July 2005; and Other: There were some senior executives who had their own superannuation arrangements (e.g. self-managed superannuation funds). Their superannuation employer contributions were set between 9 per cent to 15.4 per cent (2010: 9 per cent to 15.4 per cent).
(d) Variable allowances: Superannuation payments were provided to all senior executives: $489,675 (2010: $357,830); and Accommodation allowance up to $28,500 for the Director.
And this – During the reporting period, there were 31 employees whose salary plus performance bonus were $150,000 or more. In 2010 there were only 15. This was calculated by reference to the gross payments line of the group certificate. These employees did not have a role as senior executive and were therefore not disclosed as senior executives.
And do not forget that each other executive receives a daily away allowance commensurate with their salary. The average is around $300.00 - $450.00 PER DAY. And accommodation and sundries are already paid for. So if you go to say an ICAO function and they provide lunch and nibblies then your $450.00 allowance per day is a nice additional earner on top of those chunky salaries.
What I like is the apparent need to offer salaries competitive with the non-public service sector, yet the non-public service sector makes you work your absolute ass off, these trough dwellers sit on their fat clackers doing sweet FA.
A very Merry year indeed for Fort Fumbles supposedly finest!
Last edited by gobbledock; 2nd Jan 2012 at 21:03.