Severance
To consider the arrangements in relation to severance provisions for non teaching employees in the new Council
Additional documents:
Minutes:
The Portfolio Holder for Resources presented a report concerning the arrangements in relation to severance provisions for non-teaching employees in the new Council.
RESOVLED - To agree the following severance provisions apply to non-teaching employees of the Council from 1 April 2009 in a redundancy situation:
(i) the removal of the statutory cap and pay the actual week’s pay;
(ii) in addition to paying the Statutory Redundancy Pay (SRP), the payment of an additional amount equivalent to that payment (i.e. giving a maximum payment of 60 weeks in total); and
(iii) the provision for employees to use the additional payment (not the SRP) to purchase additional pensionable service in the Local Government Pension Scheme (LGPS) if they wish to do so and are a member.
The above provisions will be in addition to the mandatory release of accrued pension without reduction for employees over 50 who are in the Local Government Pension Scheme, subject to meeting the requirements of the Regulations.