Conservative councillors in Swansea have voted against a recommendation to make a payment totalling £11,500 per year from now on to the chair of a committee which oversees the City and County of Swansea Pension Fund, and also backdate it to include the whole of the 2021-22 financial year.
The recommendation was approved by councillors on the advice of officers - but it has now emerged that no retrospective payment will be made for 2021-22 and that the current chairman, Cllr Clive Lloyd, would not have accepted it anyway. The latest position concludes a somewhat confusing episode which began at a meeting of full council, when chief finance officer Ben Smith outlined the senior salary recommendation.
Mr Smith explained that the pension fund chairman role had become a "significant duty" with a lot of responsibility, that the fund was now worth £2.9 billion, and that the current chairman had carried out the work required in 2021-22. Mr Smith added that the payment would come from the pension fund rather than the council. You can get more Swansea news and other story updates by subscribing to our newsletters here.
