Lubica Kosic

Independent Electricity System Operator/Director, Settlements / Directeur – Règlement des transactions

At a Glance
2025

Latest Salary

$225,095

2025

Total Compensation

$225,325

Incl. $230 benefits

Employer Rank

#54

Independent Electricity System Operator

Years on List

2015–2025

Salary History

Full History
2015–2025

Year	Employer	Position	Salary	Benefits	Total
2025	Independent Electricity System Operator	Director, Settlements / Directeur – Règlement des transactions	$225,095	$230	$225,325
2024	Independent Electricity System Operator	Director, Settlements / Directeur - Règlement des transactions	$221,567	$708	$222,274
2023	Independent Electricity System Operator / Opérateur indépendant de réseau d'électricité	—	$220,957	$386	$221,343
2022	Independent Electricity System Operator	Director, Settlements / Directeur – Règlement des transactions	$211,521	$310	$211,831
2021	Independent Electricity System Operator	Director, Settlements / Directeur - Règlement des transactions	$206,352	$300	$206,652
2020	Independent Electricity System Operator	Director, Financial Planning and Analysis / Directeur – Analyse et planification financières	$201,299	$293	$201,592
2019	Independent Electricity System Operator	Director, Financial Planning and Analysis / Directeur – Analyse et planification financières	$196,312	$310	$196,621
2018	Independent Electricity System Operator	Director, Financial Planning and Analysis / Directeur – Analyse et planification financières	$190,640	$362	$191,002
2017	Independent Electricity System Operator / Opérateur Indépendant De Réseau D'Électricité	Director, Financial Planning and Analysis / Directeur, Analyse et planification financières	$184,315	$351	$184,666
2016	Independent Electricity System Operator	Director, Financial Planning and Analysis / Directeur – Analyse et planification financières	$173,702	$299	$174,001
2015	Independent Electricity System Operator	Director, Financial Planning & Analysis / Directeur – Analyse et planification financières	$161,319	$325	$161,645

Take-Home Pay
(After Tax) · 2025 estimate

In 2025, Lubica Kosic's $225,095 salary works out to roughly $143,473 after income tax, CPP and EI — an effective rate of about 33.8%. That is about 2% more than the $221,567 paid in 2024. The name has been on the Sunshine List 11 years in all, first in 2015. Pension contributions — likely PSPP or OPTrust in the Crown Agencies sector — would typically trim another 7–10% off that figure.

Estimated net pay: ~$143,473
Effective income-tax rate (excl. CPP/EI): ~33.8%
CPP + EI contributions: ~$5,507

Where does $225,095 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 Independent Electricity System Operator

#	Name	Position	Salary	Total
1	Lesley Gallinger	President and Chief Executive Officer / Président et chef de la direction	$708,319	$708,974
2	Charles Farmer	Executive Vice President, Power System Development / Vice-président(e) directeur(rice) – Développement des systèmes électriques	$428,010	$428,403
3	Kamaljit Sohi	Executive Vice President and Chief Operating Officer, Markets and Reliability / Chef(fe) de l’exploitation et Vice-président(e) directeur(rice) – Marchés et fiabilité	$425,716	$426,753
4	Carla Nell	Executive Vice President, Corporate Relations, Engagement and Strategy / Vice-président(e) directeur(rice) – Relations de l’entreprise, engagement et stratégie	$411,708	$412,660
5	Alex Foord	Executive Vice-President, Information and Technology Services and Chief Information Officer / Vice-président(e) directeur(rice) – Services d’information et de technologie et Dirigeant(e) principal(e) de l’information	$402,114	$403,103
6	Michael Lyle	Executive Vice President, Legal Resources and Corporate Governance / Vice-président(e) directeur(rice) – Ressources juridiques et gouvernance d’entreprise	$387,866	$388,437
7	Ernest Chui	Vice President and Chief Financial Officer, Corporate Services / Vice-président(e) et Directeur(rice) financier(ère) – Services d’entreprise	$326,201	$326,815
8	Michael Boll	Senior Director, Legal Resources and Corporate Secretary / Directeur(rice) principal(e) – Ressources juridiques et Secrétaire général(e)	$314,855	$315,154
9	Glenn Mcdonald	Vice President Market Assessment and Compliance / Vice-président – Évaluation des marchés et conformité	$310,347	$311,199
10	David Short	Senior Director Enabling Resources Program Delivery / Directeur principal – Exécution des programmes de ressources d'habilitation	$303,534	$304,430