[La version française suit le texte anglais.]
FAO TO RELEASE REPORT ON ONTARIO PUBLIC SECTOR EMPLOYMENT AND COMPENSATION
TORONTO, September 27, 2022 – On Wednesday, September 28, 2022, the Financial Accountability Office of Ontario (FAO) will release a report that provides an overview of public sector employment in Ontario, discusses upcoming collective bargaining negotiations and the application of wage restraint under Bill 124, projects provincial spending on employee compensation over the next five years, and identifies three key risks to this projection: inflation, the court challenge to Bill 124 and staffing shortages.
The report will be posted on the FAO website www.fao-on.org/en/ at 9:00 a.m.
The FAO will provide a background briefing for accredited media at 10:00 a.m. in the media studio at the Ontario Legislature. At the media briefing, senior officials from the FAO will provide a brief presentation and answer questions on a not-for-attribution basis.
Ontario’s Financial Accountability Officer, Peter Weltman, will be available for “on-the-record” media questions immediately following the background briefing.
About the FAO
Under the Financial Accountability Officer Act, 2013, the Officer provides independent analysis on the state of the Province's finances, trends in the provincial economy, and related matters important to the Legislative Assembly of Ontario. Visit our website and follow us on Twitter and LinkedIn.