Annual Report and Accounts 2012/13 - Royal Bournemouth Hospital

Governance ReportMedian Total Remuneration:The HM Treasury FReM requires disclosure of the median remuneration of the reporting entity’sstaff and the ratio between this and the mid-point of the banded remuneration of the highest paiddirector. The calculation is based on full-time equivalent staff of the reporting entity at the reportingperiod end date on an annualised basis.Senior manager pension entitlements (subject to audit)NameTitle(as at 31 March 2013)RealIncrease inPensionand RelatedLump Sum atage 60(Bands of£2500)TotalaccruedPension andRelatedLump Sum atage 60 at 31March 2013(Bands of£5000)CashEquivalentTransferValue at 31March 2013CashEquivalentTransferValue at 31March 2012(Inflated)RealIncreasein CashEquivalentTransferValueEmployer-Fundedcontributionto growth inCETV for theyear£’000 £’000 £’000 £’000Mr A Spotswood Chief Executive 27.5-30 290-295 1,367 1,197 170 96Mrs H Lingham Chief Operating Officer 12.5-15 140-145 670 594 76 43Mr S Hunter Director of Finance and 15-17.5 200-205 936 837 99 56Commercial ServicesMr R Renaut Director of Service 15-17.5 85-90 284 226 58 33DevelopmentMrs K Allman Director of Human7.5-10 50-55 250 202 48 27ResourcesMrs P Shobbrook Director of Nursing and 7.5-10 130-135 491 421 70 39MidwiferyMrs M Armitage Medical Director - 305-310 1,574 1,574 - -Notes:1. Non-Executive Directors do not receive pensionable remuneration, and as such, there are noentries in respect of pensions for Non-Executive Directors.2. Mr P Gill holds a joint Director of Informatics post with Poole Hospital NHS Foundation Trust(employing body) the accounts of which include his pension entitlement.Further details on the Trust’s accounting policies for pensions are set out in note 1 to the accounts.Cash Equivalent Transfer ValuesA Cash Equivalent Transfer Value (CETV) is the actuarially assessed capital value of the pensionscheme benefits accrued by a member at a particular point in time. The benefits valued are themember’s accrued benefits and any contingent spouse’s pension payable from the scheme. A CETVis a payment made by a pension scheme, or arrangement to secure pension benefits in anotherpension scheme or arrangement when the member leaves a scheme and chooses to transfer thebenefits accrued in their former scheme. The pension figures shown relate to the benefits that theindividual has accrued as a consequence of their total membership of the pension scheme, notjust their service in a senior capacity to which the disclosure applies. The CETV figures, and from2004/5 the other pension details, include the value of any pension benefits in another scheme orarrangement which the individual has transferred to the NHS pension scheme. They also includeany additional pension benefit accrued to the member as a result of their purchasing additionalyears of pension service in the scheme at their own cost. CETVs are calculated as prescribed by theInstitute and Faculty of Actuaries.Real Increase in CETVReal Increase in CETV - This 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 theemployee (including the value of any benefits transferred from another pension scheme orarrangement) and uses common market valuation factors for the start and end of the periiod.Mr A Spotswood, Chief Executive24 May 2013Annual Report and Accounts 2012/13 113