B.C. Transportation Minister Shirley Bond says million-dollar paydays at BC Ferries are sinking fast.

The Liberal government has introduced legislation that drops annual salaries for BC Ferries executives to levels more accustomed to public sector bureaucrats as opposed to top executives at Coca Cola, Nike and Ford.

A report by B.C.'s comptroller general last fall recommended salary and structural changes at BC Ferries after finding ferries president David Hahn was paid an annual salary of $1 million, about two times more than top executives at Crown-owned B.C. Hydro and ICBC.

BC Ferries was not available for comment.

The proposed government legislation also makes BC Ferries open to Freedom of Information requests.