Pension benefits of Trust senior managers

None of the Trust’s senior managers are members of a different pension scheme. Information in the below table is subject to audit.

Name Real increase in pension at pension age (bands of £2,500) £'000 Real increase in pension lump sum at pension age (bands of £2,500) £'000 Total accrued pension at pension age at 31/3/24 (bands of £5,000) £'000 Lump sum at pension age related to accrued pension at 31/3/24 (bands of £5,000) £'000 CETV at 01/04/23 (rounded to nearest £’000) CETV at 31/3/24 (rounded to nearest £’000) Real increase to CETV during the year (rounded to the nearest £’000)
Sarah Connery 0 35-37.5 40-45 105-110 580 838 178
Chris Higgins 0 25-27.5 30-35 90-95 507 695 121
Anita Lewin 0 0 50-55 160-165 1,279 0 0
Mark Platts 0 20-22.5 20-25 60-65 318 451 88
Amy Beeton 2.5-5 0 15-20 0 127 208 52
Dr Girish Kunigiri 0 30-32.5 35-40 95-100 684 829 57
Sharon Harvey 0-2.5 30-32.5 35-30 70-75 299 516 174
Jenna Davies 0-2.5 0 0-5 0 15 44 14

Supporting information

Members of the 2015 Section of the NHS Pension Scheme have no lump sum entitlement.

None of the Trust Senior Managers are part of a different pension scheme.

CETV is Cash Equivalent Transfer Value. Anita Lewin has a nil value as she has taken retirement.

On 1 April 2015, the government made changes to public service pension schemes which treated members differently based on their age. The public service pensions remedy puts this right and removes the age discrimination for the remedy period, between 1 April 2015 and 31 March 2022. Part 1 of the remedy closed the 1995/2008 Scheme on 31 March 2022, with active members becoming members of the 2015 Scheme on 1 April 2022. For Part 2 of the remedy, eligible members had their membership during the remedy period in the 2015 Scheme moved back into the 1995/2008 Scheme on 1 October 2023. This is called ‘rollback’. Where a member is affected by rollback, the benefits in respect of their rolled back pensionable service during the remedy period are valued as being in the 1995/2008 Scheme.

All directors named above, except for Amy Beeton and Jenna Davies are affected by the public service pensions remedy and their membership between 1 April 2015 and 31 March 2022 was moved back into the 1995 to 2008 Scheme on 1 October 2023. Negative values are not disclosed in this table but are substituted with a zero.

Remuneration report declaration

Sarah Connery, Chief Executive20 June 2024