Decision details
Edsential Pension Bond & Living Wage Arrangements
Decision Maker: Leader of the Council
Decision status: Recommendations Approved
Is Key decision?: No
Is subject to call in?: Yes
Purpose:
To seek to improve the financial position of Wirral schools that purchase services from Edsential and secure a defined pay structure for Edsential staff.
Decision:
Resolved – That
1) The pension bond arrangements that the Council has in place with Edsential be amended – so that the Council take responsibility for the relevant pension deficit position immediately prior to the transfer of staff from the Council to Edsential. Pension deficit/surplus post staff transfer will remain the responsibility of Edsential; and
2) The Council’s support, as joint owner, of Edsential’s proposal to pay the staff the living wage be approved.
Reasons for the decision:
As detailed in the report.
Alternative options considered:
As detailed in the attached report.
Publication date: 20/08/2019
Date of decision: 20/08/2019
Effective from: 29/08/2019
Accompanying Documents: