Issue - meetings
Early Retirement Summary
Meeting: 27/03/2012 - Executive (Item 252)
The Executive Member for Corporate Management introduced the report to provide Members with a summary of Early Retirements approved and implemented for the period 1 October 2011 to 31 December 2011, including details of associated costs to the Council.
The Head of Human Resources and Organisational Development explained that the Early Retirement Policy gave the commitment to report on all Early Retirements to the Executive and to provide details of the full costs on a quarterly basis. She explained that ‘full costs’ meant any Pension Strain costs that had resulted from an employee being released early but receiving their full pension benefits. A Business Case to support the approval of the Early Retirement and the associated costs for releasing the employee would be provided as part of the application and would be fully scrutinised by the Head of Service and Director (if applicable) and the Head of Finance and Head of Human Resources and Organisational Development. The three categories were detailed in paragraph 3.01 and appendix 1 and paragraph 3.07 identified the total number of Early Retirements for 1 October to 31 December 2011 as 8 with a total cost of £152,074.
(a) That the report be received; and
(b) That the data relating to Early Retirements and the associated costs be noted.