Pay

(asked on 24th October 2014) - View Source

Question

To ask the Secretary of State for Business, Innovation and Skills, what the payback period is in relation to the one-off payment to staff in his Department who have opted to forego their entitlement to annual increment payments.


Answered by
Jo Swinson Portrait
Jo Swinson
This question was answered on 3rd November 2014

The payback period in relation to the one-off payment to the Department for Business, Innovation and Skills staff who opted to forego their entitlement to annual increment payment was estimated to be 6 years. This is based upon an assumption of 1% paybill increases year on year until 2020.

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