Terms and Conditions

Conditions for the appointment of the CEO/CEO designate for the MMO

(Note that there are particular conditions for existing public and civil servants)

Length of Appointment

The appointment term is fixed for three years with options to renew for a further year.

Salary

Up to £110,000

Bonus

A discretionary non-consolidated, non-pensionable performance bonus of up to a maximum of 15% of basic salary may be payable, subject to the achievement of agreed Corporate and Individual Performance objectives.

Pension

The post is pensionable.

The successful applicant will be able to choose between two pensions arrangements:

Membership of the nuvos defined benefit occupational pension scheme, which is based on career average pensionable earnings i.e. for each year of service. It has a membership contribution rate of 3.5%.
Joining a partnership pension account, a stakeholder pension with an employer contribution based on your age. You do not have to contribute but if you do your employer will also match your contributions up to 3% of pensionable pay.

You do not have to join the Civil Service Pension arrangements - you may opt out and be covered instead by a personal pension or the State Second Pension (S2P).

Location

The post is based in Newcastle. Some travel within the UK will be required.

Relocation package/expenses

There is no relocation package.

Leave

Paid annual leave of 30 days per year plus 10.5 public and privilege holidays

Hours of work

42 over a 5 day week, including 1 hour per day paid meal break.

Expenses

The CEO will be reimbursed for all reasonable travel, accommodation and other expenses in accordance with the rules set out in the Staff Handbook (as amended from time to time), which are wholly, exclusively and necessarily incurred in relation to the performance of their duties and responsibilities.

Conditions for existing Civil/Public servants

Existing Civil Servants would have to resign from their current Civil Service post prior to taking up this post.

Pension arrangements for existing Civil/Public servants:

Following the establishment of the MMO, it is likely that the successful candidate would be eligible to rejoin the Civil Service Pension Scheme as the MMO has been accepted in principle into the Civil Service Pension Scheme. The pension guidance states:

For rejoiners who were in were in classic, classic plus, premium or nuvos and who join your organisation after a break of no more than 28 days in CSP employment, except those who left under:
redundancy
normal retirement or actuarially reduced retirement
early (flexible or compulsory) retirement
ill health retirement
You will be covered by the Civil Service pension arrangements during this appointment. You will rejoin the pension scheme that you recently left.

We suggest candidates speaks direct to their pension administrator in order to satisfy themselves about the effects on his pension.

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