Issue - meetings

This report seeks approval to make up to four severance payments, consisting predominantly of actuarial strain costs relating to the release of a pension on the basis that the employees’ posts are redundant.   As the pension strain costs that the council must bear as part of the Pension scheme rules, amount to over £100,000 for each employee the General Purposes Committee is required to approve the payments.

Councillor Mili Patel introduce a report from the Head of Paid Service seeking approval to make up to four severance payments consisting predominantly of actuarial strain costs that related to the release of pensions on the basis that the employee’s posts were redundant.

In noting the background to the proposal, the Committee were advised that the redundancies related to a restructure within the Housing Management Service with two of the positions having been approved for redundancy and two of the postholders at risk of redundancy if unable to secure toles once their current positions are deleted.

Having considered the report, including the details contained within the exempt appendix, and accepted the item as urgent it was RESOLVED to:

(1)    Approve the severance payment as set out in the report.

(2)    Note that the payments do not include any element additional to sums calculated in accordance with the Council’s Managing Change Policy and the requirements of the Local Government Pension Scheme.