UK - A former chief executive and finance director at the London Borough of Redbridge have been fined and severely reprimanded over unauthorised payments to the pension scheme.
The Chartered Institute of Public Finance and Accountancy’s disciplinary committee found the actions of former chief executive Geoffrey Price represented a “deliberate intent to increase the pensionable remuneration of the senior officers in order to improve their pension benefits”.
And the committee said former chief finance officer, Maurice Tilley, should have questioned the lawfulness of these payments.
The committee also criticised Price’s acceptance for inclusion in his own pensionable remuneration £16,000 of honouraria. It said he should have known these payments were “unlawfully” included and Tilley should not have authorised them.
A 1997 district auditor’s report revealed unlawfully enhanced pensions had been paid to 103 members of Redbridge staff.
Neither Price nor Tilley was available for comment.
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In February 2000 auditors for the council cut the pensions of 179 former employees arguing it was unlawful for long service payments to be counted when calculating pension benefits.
Barking and Dagenham’s solicitors have confirmed that the council will reinstate the pension benefits flowing from the long service awards.
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