The Chief Executive Officer of WASA gets a basic salary of $88,000 monthly plus allowances–but it's less than the $126,000 salary the utility's CEO earned under the PNM for the period 2009-May 2010, according to Minister in the Ministry of Finance Rudranath Indarsingh.
Indarsingh outlined the salaries and other perks of office of the heads of WASA, T&TEC, TSTT, Petrotrin, Nidco, NGC, Nipdec and Udecott in Parliament yesterday. This was in reply to an Opposition question on the packages of these executives up to December 2014.
He said WASA's CEO received a basic salary ($88,500), housing allowance ($8,850), transport allowance ($14,000, or a leased vehicle not exceeding a showroom price of $600,000), entertainment allowance, reimbursable entertainment gratuity of 20 per cent of salary and performance incentive bonus (25 per cent of basic salary).
He said from 2009 to May 2010, the WASA CEO received a basic salary ($126,000), housing allowance/fully furnished accommodation, transport allowances/fully maintained vehicle, entertainment allowance (reimbursable entertainment), gratuity (20 per cent of basic salary), performance incentive bonus (two per cent of salary), health plan (for self and family), return tickets to London (for self and family up to six).
However, the package for the NGC president currently is $150,000 with a monthly salary of $140,000 plus housing and vehicle allowances. In 2009 to 2010, he said, it totalled $114,000 with a monthly salary of $95,000 plus allowances.
Indarsingh said the T&TEC general manager received a basic salary ($70,300), housing allowance ($3,000), entertainment allowance ($1,500), travelling allowance ($5,000 or, in lieu of this allowance, a vehicle valued at $340,000 plus VAT, maintained by TTEC), employee savings plan (three per cent of salary), and residential and cellular local charges paid by TTEC.
He said from 2009 to 2010 under the PNM, it was the same–a $79,800 package..
He said the TSTT CEO currently gets a total monthly compensation package, inclusive of allowances, of $210,000 to $300,000, which is the compensation scale for a local occupant of the position. Ronald Walcott currently holds that position.
The minister said if it was a foreign occupant the compensation scale inclusive of allowance would be between $287,000 and $400,00.
Indarsingh said the monthly package for the period 2009-2010 was between $287,000 and $400,000 when the post was occupied by foreign occupant Roberto Peno.
He said the current Petrotrin president has a basic monthly salary of $115,000, plus a $264,000 car allowance, gratuity, bonus, five-week vacation, Petrotrin fuel, company house, and medical plan .
From 2009 to 2010 he said the same office carried a basic salary of $162,000 monthly plus similar perks.
Indarsingh said the Nidco president received $50,000 basic salary, housing allowance ($7,500), entertainment allowance ($1,000) and travelling allowance ($7,500). In 2009-2010 the package was the same.
Indarsingh said the Nipdec general manager's total monthly package was $58,250 including a basic salary of $50,000 and allowances. The total package for 2009-2010 was $66,000.
He said the total package for Udecott's CEO is $65,000 monthly with a salary of $62,500. But in 2009-2010, he said, it was $90,000 with a salary of $81,500.