We currently pay our Independent Remuneration Panel members £200 a year. This has not altered since they Panel was first set up in around 2002, so they are due to receive an increase. According to a website called Inflationtool.com £1 in 2002 would be worth £1.46 now. If we round this up to £1.50 the allowance of £200 for each IRP member should be increased to £300.
Decision type: Non-key
Decision status: Recommendations Approved
Notice of proposed decision first published: 19/04/2021
Decision due: 19 April 2021 by Head of Finance
Lead director: Head of Finance
Department: Chief Executive's Services
Contact: Patrick Adams, Senior Democratic Services Officer 01954 713408 Email: patrick.adams@scambs.gov.uk Tel: 01954 713408.
Consultees
Cllr John Williams, as Lead Cabinet Member for Finance.
Purpose of Report: None