An Act respecting address Ontario’s debt through alternatives to public sector layoffs and government program cuts while reducing the fiscal pressure on the people of Ontario who are having trouble paying their bills Loi visant à s’attaquer à la dette de l’Ontario sans recourir à des mises à pied dans le secteur public et à des compressions dans les programmes gouvernementaux tout en allégeant le fardeau financier des Ontariennes et Ontariens qui peinent à payer leurs factures Mr. Barrett M. Barrett Private Member’s Bill Projet de loi de député 1st Reading May 16, 2012 2nd Reading 3rd Reading Royal Assent 1 re lecture 16 mai 2012 2 e lecture 3 e lecture Sanction royale Printed by the Legislative Assembly of Ontario Imprimé par l’Assemblée législative de l’Ontario EXPLANATORY NOTE NOTE EXPLICATIVE Starting on the day when a collective agreement or other agree- ment that sets the annual compensation of an employee em- ployed in the public sector expires, the Bill limits the increase in the employee’s annual compensation to the annual rate o f change in the real gross domesti c product of Ontario, as recog- nized by Statistics Canada as of December 31 that fell in that year, if that rate of change is more than zero per cent. Compen- sation of an employee includes not only remuneration, but also all benefits, perquisites and paym ents provided to the employee. If an employee did not hold the same position of employment i n the public sector at the beginning of the year in which increases in annual compensation are limited, the most comparable posi- tion to the employee’s position is used for the purposes of apply- ing the limit. À compter du jour de l’expiration de la convention collective o u de toute autre convention qui ét ablit la rémunération annuelle d’un employé occupant un poste dans le secteur public, le projet de loi limite l’augmentation de la rémunération annuelle de l’employé au taux de variation annuel du produit intérieur bru t réel de l’Ontario, tel qu’i