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: