Lori Beth Carbone

Ontario Public Service Pension Board (Ontario Pension Board)/Director, Finance / Directrice, Finances

2025 Salary

$178,615

Total compensation $178,844, including $229 in taxable benefits.

Source: Ontario’s Public Sector Salary Disclosure — names paid $100,000 or more that year. How we build this · Report an error on this page

At a Glance
2025

Employer Rank

#28

Ontario Public Service Pension Board (Ontario Pension Board)

Years on List

2019–2025

Peak Salary

$185,978

2023

Full 2025 roster at Ontario Public Service Pension Board (Ontario Pension Board) →·See where $178,615 ranks →

Total Compensation History

Total compensation, 2019–2025. Axis starts at $100,000, the Sunshine List disclosure threshold.

Full History
2019–2025

$122,133 in 2019 is worth about $147,457 in 2025 dollars.

Full salary history, by year
Year	Employer	Position	Salary	Benefits	Total
2025	Ontario Public Service Pension Board (Ontario Pension Board)	Director, Finance / Directrice, FinancesOntario Public Service Pension Board (Ontario Pension Board)	$178,615Benefits $229Total $178,844	$229	$178,844
2024	Ontario Public Service Pension Board (Ontario Pension Board)	Director, Finance / Directrice, FinancesOntario Public Service Pension Board (Ontario Pension Board)	$162,221Benefits $214Total $162,435	$214	$162,435
2023	Ontario Public Service Pension Board (Ontario Pension Board) / Commission Du Régime De Retraite Des Fonctionnaires De L'Ontario (Commission Du Régime De Retraite D)	Director, Finance / Directeur, FinancesOntario Public Service Pension Board (Ontario Pension Board) / Commission Du Régime De Retraite Des Fonctionnaires De L'Ontario (Commission Du Régime De Retraite D)	$185,978Benefits $207Total $186,185	$207	$186,185
2022	Ontario Public Service Pension Board (Ontario Pension Board)	Director, Finance/Directeur, FinancesOntario Public Service Pension Board (Ontario Pension Board)	$162,556Benefits $142Total $162,698	$142	$162,698
2021	Ontario Public Service Pension Board (Ontario Pension Board)	Manager, Pension Finance / Gestionnaire, Finances des opérations de retraiteOntario Public Service Pension Board (Ontario Pension Board)	$145,931Benefits $118Total $146,049	$118	$146,049
2020	Ontario Public Service Pension Board (Ontario Pension Board)	Manager, Pension Finance / Gestionnaire, Finances des opérations de retraiteOntario Public Service Pension Board (Ontario Pension Board)	$141,038Benefits $196Total $141,234	$196	$141,234
2019	Ontario Public Service Pension Board (Ontario Pension Board)	Manager, Pension Finance / Gestionnaire, Finances des opérations de retraiteOntario Public Service Pension Board (Ontario Pension Board)	$122,133Benefits $166Total $122,298	$166	$122,298

Take-Home Pay
(After Tax) · 2025 estimate

Take-home on Lori Beth Carbone's 2025 salary of $178,615 comes to roughly $119,633 once federal and Ontario income tax (about 29.9% effective) is deducted. Among those listed as Director, Finance in 2025, the median was $135,194; this salary sits about 32% above it. That is about 10% more than the $162,221 paid in 2024. Most Crown Agencies employees belong to PSPP or OPTrust, so actual take-home is likely another 7–10% lower after pension contributions.

Estimated net pay: ~$119,633
Effective income-tax rate (excl. CPP/EI): ~29.9%
CPP + EI contributions: ~$5,507
All-in deduction rate (incl. CPP/EI): ~33.0%
vs. 2025 Director, Finance median: +32%

Where does $178,615 rank on the Sunshine List? →

Estimate only: 2025 federal and Ontario rates, basic personal amounts, Canada employment amount and CPP/EI credits; single, employment income only, salary treated as full-year income. Ignores pension contributions (OMERS, HOOPP, OTPP, OPTrust and similar plans lower actual take-home), union dues, RRSPs and benefits.

Also at Ontario Public Service Pension Board (Ontario Pension Board)
2025

Also at Ontario Public Service Pension Board (Ontario Pension Board), 2025
#	Name	Position	Salary	Total
1	Mark Fuller	President and Chief Executive Officer / Président et chef de la direction	$826,236	$826,236
2	Darwin Louis Bozek	President and Chief Executive Officer / Président et chef de la direction	$760,411	$760,982
3	Marc Rondeau	Executive Vice President and Chief Pension Officer / Vice-président directeur et chef de la direction des régimes de retraite	$470,494	$470,886
4	Mila Babic	Executive Vice President and Chief Client Services Officer / Vice-présidente directrice et cheffe du service à la clientèle	$468,100	$468,492
5	Valerie Adamo	Chief Technology Officer / Chef de la technologie	$444,767	$445,141
6	Christian Kautzky	Chief Investment Officer / Chef des placements	$393,186	$393,477
7	Jasmine Kanga	Chief Human Resources and Corporate Services Officer/Dirigeant principal des ressources humaines et des services généraux	$352,568	$352,867
8	Armand De Kemp	Special Advisor / Conseiller spécial	$348,694	$348,993
9	Peter Shena	Chief Transition Officer / Chef de la transition	$304,008	$304,008
10	Brian Kralik	Managing Director, Investments / Directeur général du service des placements	$279,390	$279,668