Decision details
Schools PFI Contract Inflation and Teachers Premature Retirement Costs 2012-2013
Decision status: Recommendations Approved
Is Key decision?: Yes
Is subject to call in?: Yes
Decisions:
A report by the Interim Director of Children’s Services reported on the increased costs in the Children and Young People’s Department in 2012-13 arising from inflationary uplifts to the Council’s nine School PFI contract and pension payments to teachers who were in receipt of an additional pension from the Council following Early Retirement.
RESOLVED:
That the increased PFI costs of £322,700 and Teachers’ Premature Retirement Costs of £155,900 be taken into account in the Council’s budget for 2012-13.
Report author: Director of Children's Services
Publication date: 10/02/2012
Date of decision: 02/02/2012
Decided at meeting: 02/02/2012 - Cabinet
Effective from: 18/02/2012
Accompanying Documents: