The Christie NHS FT Annual Report & Accounts 2019-20

The Christie NHS Foundation Trust Annual Report & Accounts 2019-20

Salary and pension entitlements of senior managers Pension benefits

Real increase in pension at pension age

Real increase in pension lump sum at pension age

Total accrued pension at pension age at 31 March 2019

Lump sum at pension age related to

Cash Equivalent Transfer Value at 1 April 2018

Real Increase in Cash Equivalent Transfer Value

Cash Equivalent Transfer Value at 31 March 2019

Employers Contribution to Stakeholder Pension

accrued pension at 31 March 2019

Name and title

(bands of £2500) £000

(bands of £2500) £000

(bands of £5000) £000

(bands of £5000) £000

£000

£000

£000

£000

2.5 - 5 0 - 2.5 2.5 - 5 0 - 2.5 0 - 2.5 0 - 2.5

0 0

80 - 85 60 - 65 30 - 35 95 - 100 55 - 60 40 - 45

230 - 235 170 - 175

1,754 1,285

45 34 80

1,870 1,370

0 0 0 0 0 0

R Spencer J Fitzpatrick

10 - 12.5

80 - 85

442

603

J Gray

5 - 7.5

285 - 290 135 - 140 130 - 135

0

0

0

W Makin F Noden

0

1,092

31

1,169 1,064

0 - 2.5

995

3

B Delahoyde

J Bird took retirement on 30 July 2019 and is therefore not included in the above table. C Harrison left the pension scheme on 1 February 2016 and is therefore not included in the above table. W Makin is over the National Retirement Age in the existing scheme and therefore a CETV calculation is not applicable. As Non-Executive members do not receive pensionable remuneration, there will be no entries in respect of pensions for Non-Executive members.

‘ NHS Pensions are still assessing the impact of the McCloud judgement in relation to changes to benefits in 2015. The benefits and related CETVs disclosed do not allow for any potential future adjustments that may arise from this judgement. During the year, the Government announced that public sector pension schemes will be required to provide indexation on the Guaranteed Minimum Pension element of the pension. NHS Pensions has updated the methodology used to calculate CETV values as at 31 March 2020. The impact of the change in methodology is included within the reported real increase in CETV for the year’ .

135