104 Review of Redundancy Multiplier and Exit Pay Cap Update PDF 85 KB
To consider a report of the Portfolio Holder for Corporate Development and Change.
Decision:
Decision
(a) That
the current 1.75 redundancy multiplier be extended for a further 12 months. This rate will be introduced for all
employees.
(b) That
a further review of the redundancy multiplier takes place towards the end of
2021, to ensure any agreement of a new rate of redundancy
multiplier from 1 April 2022 takes into
consideration any potential
reintroduction of an Exit Pay Cap or reforms to
the Local Government
Pension Scheme.
Reason
for the decision
The
impact of Covid-19 has seen some delays in progressing
convergence
activity across the council and which will result in employees
being
made redundant after 31st March 2021. If the council introduces a
reduction
to its level of redundancy multiplier this will result in employees
in these
areas being treated less favourably than those that have been
included in reviews already taken forward.
Minutes:
The
Portfolio Holder for Corporate Development and Change presented a report that
sought to extend the current redundancy
multiplier for a further 12 months and that another review take place towards
the end of 2021. Cabinet was fully
supportive of the recommendation.
Decision
(a) That
the current 1.75 redundancy multiplier be extended for a further 12 months. This rate will be introduced for all
employees.
(b) That
a further review of the redundancy multiplier takes place towards the end of 2021,
to ensure any agreement of a new rate of redundancy
multiplier from 1 April 2022 takes into
consideration any potential
reintroduction of an Exit Pay Cap or reforms to
the Local Government
Pension Scheme.
Reason
for the decision
The
impact of Covid-19 has seen some delays in progressing
convergence
activity across the council and which will result in employees
being
made redundant after 31st March 2021. If the council introduces a
reduction
to its level of redundancy multiplier this will result in employees
in
these areas being treated less favourably than those that have been
included in reviews already taken forward.