Welcome to the Lee Valley park website

Salaries

The table below provides information about the remuneration of the Chief Executive and other members of the Senior Management Team. All managerial staff is subject to annual performance appraisal, and progression in the salary band only happens if satisfactory performance is evidenced.

2009/10 Senior Officers were awarded a 0% pay award

Other Benefits

Members of the Senior Management Team are entitled to an annual payment as stated above to cover the cost of maintaining a car for business use. This benefit is taxable.

Members of the Senior Management Team are also entitled to the following benefits:

· Private Health Insurance. The benefit is taxable

· Life Assurance

· Annual Executive Health Screening

Pensions

The Local Government Pension Scheme (LGPS) covers Authority employees. The LGPS is a contributory scheme; employees are placed in contributory bands depending in their level of pay. Members of the Senior Management Team contribute 7.5% of their salary towards their pension.

Employee pension contributions attract Income Tax relief, as contributions are deducted from pay before Income Tax liability is calculated. The council makes employers’ contributions to the LGPS. The amount which is paid varies depending upon how much is needed to ensure benefits under the scheme are adequately funded, this amount is set independently by the fund’s actuary.

The LGPS is what is known as a final salary pension scheme. This means that staff receives a proportion of their final salary as pension benefit based on the period of time which they have contributed to the scheme and their final pay. The pension is taxable but any retiring allowance (lump sum) is tax-free. The rules governing the pension scheme are contained in regulations made by Parliament. Further information about the scheme can be found on: http://www.lgps.org.uk/