Calendar An icon of a desk calendar. Cancel An icon of a circle with a diagonal line across. Caret An icon of a block arrow pointing to the right. Email An icon of a paper envelope. Facebook An icon of the Facebook "f" mark. Google An icon of the Google "G" mark. Linked In An icon of the Linked In "in" mark. Logout An icon representing logout. Profile An icon that resembles human head and shoulders. Telephone An icon of a traditional telephone receiver. Tick An icon of a tick mark. Is Public An icon of a human eye and eyelashes. Is Not Public An icon of a human eye and eyelashes with a diagonal line through it. Pause Icon A two-lined pause icon for stopping interactions. Quote Mark A opening quote mark. Quote Mark A closing quote mark. Arrow An icon of an arrow. Folder An icon of a paper folder. Breaking An icon of an exclamation mark on a circular background. Camera An icon of a digital camera. Caret An icon of a caret arrow. Clock An icon of a clock face. Close An icon of the an X shape. Close Icon An icon used to represent where to interact to collapse or dismiss a component Comment An icon of a speech bubble. Comments An icon of a speech bubble, denoting user comments. Comments An icon of a speech bubble, denoting user comments. Ellipsis An icon of 3 horizontal dots. Envelope An icon of a paper envelope. Facebook An icon of a facebook f logo. Camera An icon of a digital camera. Home An icon of a house. Instagram An icon of the Instagram logo. LinkedIn An icon of the LinkedIn logo. Magnifying Glass An icon of a magnifying glass. Search Icon A magnifying glass icon that is used to represent the function of searching. Menu An icon of 3 horizontal lines. Hamburger Menu Icon An icon used to represent a collapsed menu. Next An icon of an arrow pointing to the right. Notice An explanation mark centred inside a circle. Previous An icon of an arrow pointing to the left. Rating An icon of a star. Tag An icon of a tag. Twitter An icon of the Twitter logo. Video Camera An icon of a video camera shape. Speech Bubble Icon A icon displaying a speech bubble WhatsApp An icon of the WhatsApp logo. Information An icon of an information logo. Plus A mathematical 'plus' symbol. Duration An icon indicating Time. Success Tick An icon of a green tick. Success Tick Timeout An icon of a greyed out success tick. Loading Spinner An icon of a loading spinner. Facebook Messenger An icon of the facebook messenger app logo. Facebook An icon of a facebook f logo. Facebook Messenger An icon of the Twitter app logo. LinkedIn An icon of the LinkedIn logo. WhatsApp Messenger An icon of the Whatsapp messenger app logo. Email An icon of an mail envelope. Copy link A decentered black square over a white square.

Council says £290,000 redundancy payments will net £1.87 million in savings

Council says £290,000 redundancy payments will net £1.87 million in savings

Angus Council paid £290,000 in lump sums to 20 employees who took voluntary redundancy or early retirement last year.

The savings over the next five years as a result of these people leaving the council is estimated at £1,875,000.

The local authority also released 14 employees on health grounds and granted 10 employees flexible retirement.

A report to councillors written by the council’s head of HR, IT and organisational development Sharon Faulkner states the full financial implications are considered before someone is granted early retirement.

The report states: “Employees will normally only be released on the grounds of early retiral/voluntary redundancy or flexible retirement when there is a saving after taking account of any enhanced payments and the cost of early payment of the accrued pension and accrued lump sum.

“The full costs of early retiral/redundancy and flexible retirement to both the revenue budget and the pension fund are identified to ensure that each directorate supporting efficiency, redundancy or flexible retiral has regard to additional costs, including the strain on the fund, as well as other operational considerations.

“The pension regulations require the council to reimburse the cost of additional years to the pension fund, together with any capitalised strain on the fund.”

Ms Falconer warned that more pensions being paid could result in current employees having to pay greater contributions to the pension fund.

She added: “The cost of ill health retirals is borne by the pension fund.

“However, the greater the number of retirals, the greater will be pressure on the fund and this may result, in the longer term, in an increase in employer’s pension contributions borne by the council.”

There were 24 employees released on early retiral/voluntary redundancy during 2013/14.

In the previous five financial years, 2008/09 to 2012/13, thefigures were 10, 8, 11, 7 and 20 respectively.