MPA - statement of accounts

28Notes to the Financial Statements4. Employment CostsThe Authority has disclosed below the number ofemployees whose taxable remuneration, excludingpension contributions, was £50,000 or more, in bandsof £10,000:5. Pension CostsAs part of the terms and conditions of employmentthe Authority offers retirement benefits for PoliceOfficers and Police Staff. A full description of bothschemes is at notes L and M to the Balance Sheet.Remuneration Number of Employeesband £ 2007-08 2006-0750,000-59,999 6,375 5,88960,000-69,999 1,866 1,59170,000-79,999 394 42480,000-89,999 126 11190,000-99,999 40 38100,000-109,999 21 14110,000-119,999 14 11120,000-129,999 5 1130,000-139,999 5 8140,000-149,999 3 1150,000-159,999 2 1160,000-169,999 2 3170,000-179,999 2 4180,000-189,999 1 1190,000-199,999 1 0200,000-209,999 1 1210,000-219,999 1 0220,000-229,999 0 0230,000-239,999 0 0240,000-249,999 0 1250,000-259,999 1 0Note: banding is based on all taxable remuneration,excluding pension costs, paid in the year rather thanthe annual salary. Taxable remuneration includesovertime and may also include back dated payawards, which relate to previous years but wereactually paid in the years in question.Employee NumbersActual full-time equivalent employee numbers arecategorised as follows:Number of Employees2007-08 2006-07Police Officers 31,398 31,074Police Staff 14,070 13,980PCSO 4,226 3,682Traffic Wardens 294 310Non distributed costs represents the additionalexpenditure borne by the Authority in respect of policeofficers’ past service costs (as required by FRS 17)and police staff early retirement cost.Police OfficersIn the year to 31 March 2008, the net costs ofpensions and other benefits amounted to £500.1million (£499.4 million notional pension costs and £0.7million other ancillary costs), representing 45.9% ofpensionable pay.A separate pension scheme, the 2006 Police OfficerPension Scheme (NPPS) has been created for policeofficers. This operates in parallel to the present PolicePensions Scheme (PPS). The accounts for both NPPSand PPS can be viewed on pages 47 and 48.In accordance with FRS 17 requirements, a reserveshowing the total liability of the Police Officer PensionFund is included in the MPA Balance Sheet. The MPApays employer contributions at a rate of 24.6% ofpensionable salary into the Fund. The charge in theIncome and Expenditure Account that the Authority isrequired to make is based on the actuarially calculatedcost.The following transactions have been made in theIncome and Expenditure Account during the year:2007-08£’000Current service cost 499,400Past service costs 700Interest cost 791,900Movement in pensions reserve (966,827)Contributions to pension fund 325,173• Current and past service costs have beenproduced by actuaries (see note L to the balancesheet).• Interest on pension liability represents the expectedincrease during the year in the present value of thescheme liabilities because the benefits are one yearcloser to settlement.