7 Schools Insurance Scheme Update PDF 83 KB
To consider a report of the Borough Treasurer.
The report provides a general update to Schools on the current and
projected financial position of the LTS Scheme as at December 2019.
The report also presents to Schools’ Forum the collated
results from a recent survey to schools about the LTS CAP so a
decision can be made about its inclusion for the forthcoming
2020/2021 SLA period.
The report further provides an update regarding sickness absence
analysis and the proposed process changes to the LTS scheme for the
2020/2021 SLA period.
Schools’ Forum members are asked to:
1. Note the above report;
2. Provide agreement to the CAP survey outcome and proposed action.
3. Note the above proposed process changes to the LTS scheme.
Officer contact: Sarah Cook Tel 0161 474 4030 Email: sarah.cook@stockport.gov.uk
Minutes:
A representative of the Borough Treasurer submitted a report (copies of which had been circulated) which provided members with a general update
The following comments were made / raised:
· An update was provided in relation to the scheme current financial forecast for 2019/20 (i.e. potential £11k surplus at 31 March 2020). Increase to premiums in 2019/20 are standing good.
· A survey was undertaken recently relating to the capping element of the scheme.
Insurance team proposals for 2020/21 include:
· A new Online system to be introduced from 2020/21 / Pilot schools after Christmas
· Administrative requirement to be removed re: staff names list
A number of issues were raised by members including:
- Info sent to SBM’s – should be Head teacher’s
- No modelling made available on the impact of the cap
- Issue with part time teachers – how factored into SLA premiums?
- How many schools did the cap affect in 2018/19?
- Survey didn’t go out to all schools
RESOLVED (a) That the report be noted
(b) School issues as above be raised with Insurance team manager and communication be circulated.