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Pension benefits

A Cash Equivalent Transfer Value (CETV) is the actuarially assessed capitalised value of the pension scheme benefits accrued by a member at a particular point in time. The pension figures shown relate to the benefits that the individual has accrued as a consequence of their total membership of the pension scheme, not just their service in a senior capacity. The CETV includes any lump sum payments due on retirement.

The real increase in CETV reflects the increase in CETV effectively funded by the employer. It takes account of the increase in accrued pension due to inflation, contributions paid by the employee (including the value of any benefits transferred from another pension scheme or arrangement) and uses common market valuation factors for the start and end of the period.

Chief Executive, Directors and Assoc. Directors Accrued pension at age 60 as at 31/03/10 or at date of leaving £'000 Real increase in pension at age 60 £'000 CETV at 31/03/10 £'000 CETV at 31/03/09 £'000 Real increase in CETV £'000
Professor D Delpy, Chief Executive 80-85 with no lump sum 0-5 with no lump sum 1,434 1,228 53
Mrs C Coates, Director 25-30 plus 85-90 lump sum 0-5 plus 0-5 lump sum 669 569 31
Mr A Emecz, Director 15-20 plus 45-50 lump sum 0-5 plus 0-5 lump sum 262 214 19
Dr L Thompson, Director 20-25 with no lump sum 0-5 with no lump sum 422 351 22
Mr S Ward, Director 40-45 plus 125-130 lump sum 0-5 plus 5-10 lump sum 1,022 939 42
Mrs V Cassely, Associate Director 10-15 plus 30-35 lump sum 0-5 plus 0-5 lump sum 166 132 16
Dr C Hayter, Associate Director 5-10 plus 20-25 lump sum 0-5 plus 0-5 lump sum 104 81 12
Mr A Lewis, Associate Director 20-25 plus 65-70 lump sum 5-10 plus 15-20 lump sum 354 262 83
Mr V Osgood, Associate Director 30-35 plus 90-95 lump sum 0-5 plus 0-5 lump sum 773 663 36
Dr N Viner, Associate Director 15-20 plus 50-55 lump sum 0-5 plus 5-10 lump sum 313 251 28
Dr A Wall, Associate Director 15-20 plus 30-35 lump sum 0-5 plus 0-5 lump sum 285 230 23