Annual report and accounts 2017/18

Remuneration Report

Chief Officer and other senior appointments

During the 2017/18 financial year there were no changes to the PSAA management team.

Remuneration policy for the Chief Officer and senior staff

For the Chief Officer, remuneration was set by the PSAA Board. For the remaining members of the management team, remuneration was set by the Chief Officer, in line with PSAA’s normal terms and conditions of employment.

The main details of the remuneration package for the Chief Officer and members of the management team were as follows:

  • pension arrangement: PSAA operates a defined contribution plan with the same level of benefit for all its members. The Chief Officer and all staff were eligible to join the scheme. PSAA’s contribution is 10% of salary for all staff.
  • other terms of employment: the Chief Officer and management team all had permanent employment contracts. Taxable benefits comprise a travel card for travel within London for all staff based in London. The Chief Officer and management team are required to give eight weeks’ notice if they resign. All other terms and conditions are the same as for other staff.
Remuneration over £50,000

The number of staff with remuneration over £50,000 are shown in the table below. The bands are based on salary, employer pension contributions and contractual allowances and benefits in line with the contractual terms and conditions of employment.

Band £k Number of employees 2018 Number of employees 2017
60 – 65 1.0 1.0
65 – 70 1.0 3.0
70 – 75 1.0
85 – 90 3.01 1.0
95 – 100 1.0 1.0
100 – 105 1.0 1.0
135 – 140 1.0 1.0

1 One employee was made redundant in the year and is included as a result of their contractual redundancy payment.

Senior management remuneration

Remuneration details for the Chief Officer and management team are shown in the table below. This includes salary, employer pension contributions and contractual allowances and benefits in line with the contractual terms and conditions of employment.

Description 2018 2017
Chief Officer £139,086 £136,933
Chief Finance Officer £102,013 £100,101
3 Other Senior Managers – salary range £89,744 to £98,078 £67,000 to £97,0001

1 One senior manager, recruited during 2017, had part-year service only in that year.

Pay multiple

The relationship between the remuneration of the highest paid employee and the median remuneration of the organisation’s workforce is shown in the table below.

Total remuneration includes salary and contractual allowances and benefits. PSAA does not have performance-related pay. These figures do not include employer pension contributions.

Description – £’000 2018 2017
Band of highest paid – total remuneration 125k – 130k 125k – 130k
Median – total remuneration 65 61
Ratio 2.0 2.1
Remuneration policy for Directors

There have been no changes to Directors’ remuneration during the year.

None of the Directors serving between 1 April 2017 and 31 March 2018 received other benefits from PSAA, nor were they members of the pension scheme.

Director – £’000 2018 2017
Stephen Freer 30 30
Clive Grace 8 8
Stephen Sellers 8 8
Keith House 3 0
Caroline Gardner (1) 0 0
  1. Audit Scotland does not charge PSAA for Caroline Gardner’s services.
  2. Amounts included in the table above exclude Employers NIC and other reimbursed expenses.

Directors are also reimbursed for expenses directly and necessarily incurred in the performance of their duties.

In addition, the independent Audit Committee member, Kathryn Cearns, received remuneration of £2,000 per year.

By order of the Board

Steve Freer
Chairman

18 July 2018

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