Group Financial Statements 2012 - Riverside

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Directors’ and senior staff emoluments – continued
Certain Group Directors, including the former Group Chief Executive, were required under their contracts of employment
to retire at the age of 60; consequently, the benefits provided to them by The Riverside Group Pension Scheme were
amended to reflect this commitment, which is not applicable to any other staff. In all other respects, the former Group
Chief Executive was an ordinary member of the CARE section of the scheme accruing benefits calculated on Career
Average Revalued Earnings. The Group does not make any further contribution to an individual pension arrangement
for the Group Chief Executive. Contributions were made to The Riverside Group Pension Scheme at a rate of 17.5% of
pensionable salary in 2012. This applies to all staff including Group Directors. Further details on the Scheme are given in
note 26 to the financial statements.
2012 2011
The fees paid to non-executive Directors were: £’000 £’000
Paul Brant 25 23
Philip Han — —
Susan Jee 18 18
Anne-Marie Jones 9 9
Jo Kennefick 9 9
Philip Raw 13 13
Max Steinberg 9 9
John Tarn (Resigned 30 April 2010) — 2
Yashar Turgut 9 9
The Riverside Group Ltd has adopted early the Accounting Direction for Social Housing in England in relation to the
disclosure of senior staff emoluments.
The number of staff whose remuneration is £60,000 or more (excluding pension contributions) is disclosed below:
2012 2011
£60,000 — £65,000 3 3
£65,001 — £70,000 2 4
£70,000 — £75,000 5 3
£75,001 — £80,000 7 9
£80,001 — £85,000 5 5
£85,001 — £90,000 7 6
£90,001 — £95,000 2 2
£95,001 — £100,000 3 1
£120,001 — £125,000 — 1
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