33 Severance payments

(1)

An annual report must state—

(a)

the amount of any severance payments made in the year to any person who vacated office as the chief executive of the local authority; and

(b)

the number of employees of the local authority to whom, in the year, severance payments were made; and

(c)

the amount of every such severance payment.

(2)

In this section, severance payment means any consideration that a local authority has agreed to provide to an employee in respect of that employee’s agreement to the termination of his or her employment, being consideration, whether of a monetary nature or otherwise, additional to any entitlement of that employee to—

(a)

any final payment of salary; or

(b)

any holiday pay; or

(c)

any superannuation contributions.