Prentice says they will reduce their total annual salaries of $2 million by five per cent to show leadership in difficult financial times.
He says the wage rollback will save about $104,000.
Wildrose Opposition Leader Heather Forsyth says the salary cuts are long past due as the premier's staff are among the highest paid in Canada.
All 87 members of the legislature are also taking a five per cent pay cut.
The Liberals and the NDP have called the cuts token gestures, and have predicted that ordinary Albertans will be on the hook to make up for billions expected to be drained from the treasury by low oil prices.
Also on HuffPost