The 2002 salary disclosure report issued Monday by Ontario’s Finance Ministry reveals that 106 employees at the Ontario Securities Commission have an annual salary of at least $100,000, the minimum level for mandated salary disclosure.

The salaries total a little over $15.9 million. In, 2001 the salaries of the 93 employees disclosed by the OSC totalled $13.5 million.

The top-paid employee at the OSC remains its chair, David Brown, who recorded a salary of $552,000. This was more or less flat year over year.

No other OSC employee made as much as $400,000. Vice chair Howard Wetston came closest, recording $399,549 in salary. He is followed by executive director, Charlie Macfarlane, who earned $383,305. They both enjoyed raises compared with the previous year. Vice chair, Paul Moore, was the only other OSC employee making more than $300,000 (he earned $376,549).

The top earner not in the OSC executive suite was special counsel, Jay Naster, who earned $261,507; more than his boss, Mike Watson, who earned $229,413. There are now nine OSC employees making at least $200,000, up from six the previous year.

Over at the Financial Services Commission of Ontario, only 32 employees made more than $100,000 in 2002, for a total of $3.79 million. The top earner at FSCO, John Harper, managed a mere $187,183, a salary that would rank 12th at the OSC.

Over at Ontario Municipal Employees Retirement System, 87 employees made the top grade for a total $14.98 million. The top-paid employee there remains portfolio manager, Tom Gunn, who earned $548,229,