Issue - decisions
Edsential Pension Bond & Living Wage Arrangements
20/08/2019 - Edsential Pension Bond & Living Wage Arrangements
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.