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37

City of Glasgow College Annual Report & Accounts 2019-20

Actual 12 months to 31 July 2020 Actual 12 months to 31 July 2019

SALARY PENSION TOTAL SALARY PENSION TOTAL

£'000 £'000 £'000 £'000 £'000 £'000

Paul Little 160-165 27 190-195 160-165 38 200-205

Stuart Thompson 85-90 31 120-125 90-95 53 140-145

Roy Gardner 80-85 29 110-115 80-85 39 120-125

Shelia Lodge 100-105 23 120-125 95-100 24 120-125

John Gribben 70-75 25 95-100 N/A N/A N/A

Clare Carney 45-50 15 60-65 N/A N/A N/A

Accrued pension at

pension age at 31 July

2020

Accrued lump sum at

pension age at 31 July

2020

Real increase in

pension to 31 July

2020

Real increase in lump

sum to 31 July 2020

£'000 £'000 £'000 £'000

Paul Little 35-40 0-5 0-2.5 0-2.5

Stuart Thompson 35-40 55-60 0-2.5 0-2.5

Roy Gardner 20-25 10-15 0-2.5 0-2.5

Shelia Lodge 0-5 0-5 0-2.5 0-2.5

John Gribben 0-5 0-5 0-2.5 0-2.5

Clare Carney 0-5 0-5 0-2.5 0-2.5

Claire Carney joined the College in January 2020 and John

Gribben was promoted to the Executive Leadership Team

in June 2020. Fares Samara left the College on 1 April 2019

and Joanna Campbell left the College on 31 May 2019.

Principal Salary

The Principal received a salary of £163,000 during the year

2019-20.

Median remuneration

Based on the 12 months equivalent figure above the

banded remuneration of the highest paid official in the

organisation in the financial year 2019-20 was £160,000

to £165,000 (2018-19 £160,000-£165,000). This was 4.1

times (2018-19 4.2 times) the median remuneration of the

workforce, £39,520 (2018-19 £38,450). These figures have

been audited by Azets Audit Services.

Accrued Pension Benefits

Pension benefits for employees are provided through the

Scottish Teacher's Superannuation Scheme (STSS) a

defined benefit scheme, which is notionally funded and

contracted out of State Earnings Related Pension Scheme

and the Local Government Pension Scheme (LGPS) Both

STSS and LGPS are final salary pension schemes. This

means that pension benefits are based on the final year's

pay and the number of years that the person has been a

member of the scheme.

The scheme's normal retirement age is 65. Contribution

rates are set annually for all employees and can be found

in note 24. There is no automatic entitlement to a lump

sum. Members may opt to give up (commute) pension

for lump sum up to the limit set by the Finance Act 2004.

The accrual rate guarantees a pension based on final

pensionable salary and years of pensionable service.

Senior Officials Pension

Pension benefits are provided to senior officials on the same

basis of all other staff. The accrued pension benefits for

senior officials are set out in the table below, together with

the pension contributions made by the College. The figures

have been audited by Azets Audit Services.

Index

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