Backgrounder: Salary and benefits disclosure - I. David Marshall, President and CEO
Salary and benefits payments for WSIB President and CEO, Mr. I. David Marshall are regularly released by the WSIB in the annual disclosure of public sector employees earning more than $100,000 a year. The following information provides more detail on the terms of Mr. Marshall’s appointment as President and CEO of the WSIB, as well as his salary and benefits package:
- Appointed for a five year term beginning January 2010
- Salary rate of $400,000 annually plus taxable benefits
- Goals and expected outcomes include, but are not limited to the development and implementation of a financial plan to reduce, and ultimately retire the WSIB’s unfunded liability, as well as improvements in administrative efficiency and service delivery
- A performance incentive of 20% per year may be paid based on achievement of these goals, to be paid out at the end of the five year term
- Pension benefits under the WSIB pension plan and benefits in accordance with the WSIB’s standard benefits for its senior management
Mr. Marshall’s salary and benefits package is lower than some previous CEOs of the WSIB and comparable to that of other Crown Agency chief executives. In the context of government restraint, Mr. Marshall has not been awarded any bonus to date. Should any bonus be awarded to Mr. Marshall, it will be fully disclosed.
As President and CEO of the WSIB, Mr. Marshall is accountable for one of the largest insurers in North America; a complex business managing some $4 billion in annual revenue, employing close to 4,000 staff and providing services to more than 230,000 employers and over four million Ontario workers. Mr. Marshall’s efforts to improve efficiency and address the unfunded liability have already made a difference including:
- A new focus on worker recovery and return to work, along with increased discipline in benefit entitlement decisions to ensure that injured workers get the benefits they need
- Better, more accessible medical care and earlier intervention in serious cases to help stop an injury from becoming a permanent disability
- Improved electronic services to serve stakeholders
For 2012 and beyond, the WSIB will continue its focus on delivering what matters to the workers and employers of Ontario.