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The province intends to limit the pay and perks Alberta universities and colleges offer their top executives as early as next spring, Advanced Education Minister Marlin Schmidt says.

Alberta university and college executive compensation is “way out of line with the rest of the country,” Schmidt said Monday.

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“We certainly don’t want to be uncompetitive with other jurisdictions, but we can’t be setting the bar at the highest level, either. We can no longer afford to do that,” he said.

Although direct comparisons are difficult, publicly available salary data show Alberta university presidents are the best paid in the country, and college presidents are among the best paid. Schmidt blamed the previous Progressive Conservative government for letting their pay get out of whack.

Schmidt wouldn’t say if Alberta university and college executives are in for a pay cut, but insisted the discrepancies have to end.