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Friday, 13 January 2012

Public sector sick pay

The new boss at Lloyds has announced that his is to waive the 225% performance bonus that he might have been eligible to receive for his management of the 41% tax payer owned bank.

Which is big of him, but considering he has been in the post since March of last year and took a 2 month sickie for stress-related illness, in my book he can consider himself fortunate that he gets to keep all of his £1,060,000 base salary.

But the in the public sector, taking 40 days sick leave is nothing special.  He will probably still claim his 28 days annual leave plus the statutory bank holidays, so all in all, in erms of pay for days work actually done, it doesn't look so bad after all.

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