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Reimbursement of inherited staff liabilities: consultation on possible changes to Hefce policy

Publisher
Higher Education Funding Council for England
Publication Date
Disciplines
  • Education

Abstract

untitled Reimbursement of inherited staff liabilities Consultation on possible changes to HEFCE policy July 2008/23 Policy development Consultation Reponses should be sent to HEFCE by Friday 17 October 2008. This is a consultation on possible changes to HEFCE’s policy of reimbursing inherited staff liabilities. Ju ly 2 00 8/ 23 Fr ee © HEFCE 2008 The copyright for this publication is held by the Higher Education Funding Council for England (HEFCE). The material may be copied or reproduced provided that the source is acknowledged and the material, wholly or in part, is not used for commercial gain. Use of the material for commercial gain requires the prior written permission of HEFCE. TM EN VIR ONM ENTALLY FRIENDLY Alternative formats This publication can be downloaded from the HEFCE web-site (www.hefce.ac.uk) under Publications. For readers without access to the internet, we can also supply it on CD or in large print. Please call 0117 931 7035 for alternative format versions. Executive summary Purpose 1. This is a consultation on possible changes to HEFCE’s policy of reimbursing inherited staff liabilities. Key points 2. Later in 2008-09, the HEFCE Board will be considering its policy towards the reimbursement of inherited staff liabilities. We wish to consult higher education institutions and those local authorities and pension authorities in receipt of this funding to inform the Board’s discussion. 3. The views being sought relate both to the policy itself and to how any change might be implemented should the HEFCE Board conclude that it wishes to change its policy. 4. The proposed changes in policy are: a. Reimbursement of eligible pension costs would be assessed from 1 April 2009 on an actuarial basis, with the annual values of such reimbursement, along with the timescale over which they were payable, being agreed between HEFCE and bodies in receipt of funding by 31 March 2009. b. Salary safeguarding would no longer be eligible for reimbur

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