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Finance expert suggests redistribution of public sector CEO salaries

A Robin Hood -style policy, redistributing the big salaries of public service chief executives to lower paid workers, would be more effective than the government-ordered pay freeze, according to a leading business academic. The directive, which essentially means those in the public sector earning more than $60,000 will only get a pay rise in exceptional circumstances for the next three years, has infuriated some workers. It has prompted crisis meetings between the government and unions, and a commitment to review the directive next year. The government denies it is a freeze , saying people can still move between pay bands and it is about equity, raising the wages of workers making $50,000 or less – that is 25 percent of public servants.

Expert calls for top-paid bureaucrats pay to be cut and given to the working poor

Some public sector leadership salaries: Matt Whineray, CEO NZ Super Fund: $929,000 (after COVID-19 reduction) Scott Pickering, CEO ACC: $826,000 Ailsa Claire, CEO ADHB: $677,000 John Ryan, Auditor General: $670,000 Peter Hughes, Public Service Commissioner: $630,000 Rob Everett, CEO Financial Services Authority (just resigned): $623,000 Cherly de la Rey, VC University of Canterbury: $594,000 Tim Fowler, CEO Tertiary Education Commission: $560,000 Judge Peter Boshier, Chief Ombudsman: $456,000 Sid Miller, CEO Earthquake Commission: $437,000 A lower public sector staff salary: Jane Doe, administrator Dept of Corrections: $45,000 Helen Roberts is an Associate Professor in Otago University Department of Accountancy and Finance. She put those remuneration packages into perspective. I just looked at the data that s out on the public sector websites, you can go and look yourself. I looked at the top five paid individuals in the state sector who were full term.

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