Correspondence

Very Senior Managers’ Pay

Dear colleague letter about very senior managers’ pay.

Document

Very Senior Managers’ Pay letter

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For those covered by the national Pay Framework there will be a 0% uplift to basic pay for 2010/11, a performance pot (for 2009/10) of 5% of pay bill, and a 5% limit on individual performance awards; and awards for 2010/11 will be limited to the top 25% of performers. Also, there will be no increase to remuneration for chairs and non-executive directors for 2010/11.

Published 24 May 2010