Metro Vancouver Board Chair Greg Moore today announced his intention to put forth a motion for reconsideration of the recently approved Board Remuneration Bylaw at the upcoming Board meeting on April 27. During its regularly scheduled Board meeting held on March 23, 2018, a majority of Metro Vancouver Directors voted in favour of modifying the Board remuneration rates, in part, to off-set the tax impact resulting from changes contained in the 2017 Federal Budget. Metro Vancouver also implemented a retirement allowance for elected officials serving as Board Directors, as they don’t currently have a pension or retirement benefits in this capacity.“As local government we pride ourselves in listening to our citizens and finding solutions. Over the past week we’ve received a tremendous amount of feedback and clearly we missed the mark with respect to the new remuneration bylaw,” said Chair Moore. “It is a sign of good leadership to admit a mistake and change directions, this is exactly what this motion will do, it is the reason why the reconsideration process is in place.”The reconsideration motion brought by the Chair will be voted on, recorded and if two-thirds of the Board agree, the original remuneration bylaw will be on the floor for debate. Background:Effective January 1, 2019, elected officials will no longer be eligible to exclude from taxable income one third of their remuneration. Metro Vancouver has applied a one-time 15% increase to the salary remuneration and meeting attendance fees in order to offset the tax impact due to the loss of the tax free allowance.The structure of the retirement allowance mirrors the employee pension benefit. The formula is based on a percentage of annual remuneration which is consistent with the percentage contribution made by Metro Vancouver to the Municipal Pension Plan on behalf of each employee.