Issue - meetings

This report provides an update in respect of the council’s 2024 Voluntary Redundancy Scheme (the “Scheme”) and seeks approval to make 10 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 in each case, Full Council is asked to approve the payments.

The Mayor then invited Councillor Mili Patel, as Deputy Leader and Cabinet Member for Finance & Resources to introduce a report from the Chief Executive in respect of the Council’s 2024 Voluntary Redundancy Scheme and seeking approval to make ten severance payments, consisting predominantly of actuarial strain costs relating to the release of a pension, on the basis that the employees’ posts were redundant.

In moving the report, Councillor Mili Patel confirmed that as the pension strain costs the Council would be required to bear under the Pension Scheme rules amounted to over £100,000 for each of the proposed severance payments, Full Council approval would be required for each of them.

As no members indicated they wished to speak on the item and Councillor Mili Patel advised she would not, therefore, be seeking to exercise her right of reply the Mayor advised that he would move straight to the vote.

Having noted the exempt information contained in the appendix, without the need to exclude the press and public from the meeting and move into closed session, the recommendations in the report were then put to the vote and declared CARRIED.

Council therefore RESOLVED to:

(1)        Approve the severance payments set out in the exempt appendix to the report.

(2)        Note that all payments contained within the report had been calculated in line with the council’s Managing Change Policy and the pension strain payments that would arise under the Local Government Pension Scheme which were required to be paid.

(3)        Note the overall outcome of the Voluntary Redundancy Scheme run during 2024.