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Lower pay, no bonus

TransLink is in the market for a new CEO who is willing to earn a little less than his or her predecessor.

The new boss also won't receive bonuses or a vehicle allowance.

This according to the Metro Vancouver Mayors' Council on Regional Transportation.

Former TransLink CEO Ian Jarvis earned $425,000, including a $97,000 bonus and an $18,000 vehicle allowance.

The new person in charge will be asked to take a salary between $325,000 and $406,000.

The TransLink board is being asked to target a low to mid-range salary.

On top of this, the board also announced it will eliminate vehicle allowances for all executives.

In a statement, board chair Barry Forbes said the board recognized the public has a vested interest in the compensation paid of those working in the public sector.

"We believe that by eliminating bonuses and car allowances, and cutting the number of senior positions at TransLink, we have addressed those concerns," said Forbes.

 – with files from CTV Vancouver



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