At the qathet Regional District finance committee meeting on December 6, the committee recommended the board approve a five per cent increase to the directors’ annual indemnity and meeting allowance rates for 2024.
According to a staff report, each year, staff prepare a report on proposed increases for directors’ remuneration, being brought forward in December so that an amendment can come into effect on January 1 of the following year. The report stated that according to qRD policy, directors’ remuneration shall be adjusted annually by the greater of the consumer price index for BC as recorded by Stats Canada for the preceding 12-month period ending September 30, or zero if the consumer price index is less than zero.
The total increase would amount to an $8,606 increase over the remuneration paid in 2023.
Join the Peak's email list for the top headlines right in your inbox Monday to Friday.
