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Financial Assistance Scheme: Pay

Volume 460: debated on Thursday 17 May 2007

To ask the Secretary of State for Work and Pensions how much was paid in bonuses to staff of the Financial Assistance Scheme in each of the last two years; and how many individual payments were made. (133899)

The Department operates a number of different bonus and awards schemes, two of which apply to staff at the Financial Assistance Scheme.

Based on the information available, the total sum of bonuses paid to staff of the Financial Assistance Scheme in each of the last two years is as provided in the following tables. The bonuses are all subject to tax at standard individual rates. (Figures quoted as gross values).

The Bonus and Rewards Scheme allows managers to incentivise and reward valuable or exceptional contributions to business performance made by employees or teams:

Bonus type/Date

Total amount paid out (gross) (£)

Number of staff receiving payments

Bonus and Rewards Scheme—2006

3,450

24

Bonus and Rewards Scheme—2007

3,650

25

Annual individual performance bonuses are paid to members of staff as part of the annual pay award. Individuals who achieve one of the top 3 (of 4) performance ratings under the department’s Performance and Development System are eligible for these unconsolidated bonuses, which are paid on a sliding scale:

Bonus type/Date

Total amount paid out (gross) (£)

Number of staff receiving payments

Annual Individual Performance Bonuses—2006

19,772

66

The Individual Performance Bonus for staff during the last financial year has not yet been finalised so we are currently unable to confirm any amounts for this period.