The Ontario Securities Commission (OSC) saw its list of employees on the annual sunshine list of grow modestly in 2014, although the average salary declined.

The 2014 sunshine list, which discloses the salaries of public sector employees earning at least $100,000 per year, was released Friday.

The number of OSC employees on the list increased slightly this year from 278 in fiscal 2013 (ending March 31, 2014) to 287 in fiscal 2014 (to March 31, 2015).

This represents total compensation of $48.4 million this year, up slightly from $47.8 million last year. However, the average salary on the list declined a bit from about $172,000 last year to just under $169,000.

The disclosure shows that the annual compensation of Howard Wetston, OSC chairman, decreased slightly from about $715,000 in 2013 to $703,000 in 2014.

The next highest paid OSC employee in the past year is Mary Condon, a former vice chairwoman who is now a part-time commissioner. She took home just under $500,000 last year. Jim Turner, who also recently completed his term as vice chairman, ranks third at $470,000, down from just over $480,000 in f2013.

There were 78 employees from the Financial Services Commission of Ontario (FSCO) on the list in fiscal 2014, representing total compensation of $9.65 million. This is up slightly from 2013, when there were 72 FSCO employees on the list, with combined salaries of $9.3 million.

Phillip Howell, Superintendent and CEO of FSCO, remains its top-paid employee, with a modest raise to $253,000 from $245,000 last year.