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Annual Report and Accounts 2010-11 - Manchester Airport

Annual Report and Accounts 2010-11 - Manchester Airport

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Directors’ Remuneration <strong>Report</strong>37Subsequent to his retirement from the Board the Group paid Geoff Muirhead £82,000 for consultancy services providedin his role as ambassador to the Group.Retirement BenefitsGeoff Muirhead is a member of the Greater <strong>Manchester</strong> Pension Fund, a defined benefit scheme. Ken Duncan, AndrewCornish, Charlie Cornish <strong>and</strong> Penny Coates are members of the Group’s money purchase scheme <strong>and</strong> totalcontributions of £132,217, were paid by the Group to this scheme on their behalf during the year, including individual <strong>and</strong>employer contributions.Pension entitlements <strong>and</strong> corresponding increases in accrued lump sums <strong>and</strong> transfer values during the year are asfollows:Pensionable Accrued Accrued Accrued AccruedService at pension at pension at lump sum at lump sum at31 March 20<strong>11</strong> 31 March 20<strong>11</strong> 31 March <strong>2010</strong> 31 March 20<strong>11</strong> 31 March <strong>2010</strong>Years £’000 £’000 £’000 £’000Geoff Muirhead 22.1 95 <strong>11</strong>1 450 293Voluntary contributions paid by directors <strong>and</strong> resulting benefits are not shown in the above table.Angela SpindlerChair of the Remuneration <strong>and</strong> ReviewCommittee1 July 20<strong>11</strong>The <strong>Manchester</strong> <strong>Airport</strong> Group PLC <strong>Annual</strong> <strong>Report</strong> <strong>and</strong> <strong>Accounts</strong> <strong>2010</strong>-<strong>11</strong>

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