The pay policy statement:
- must be approved formally by the council meeting itself
- must be approved by the end of March each year (starting from 2012)
- can be amended in-year.
As set out in the statement Chief Executive, Derrick Anderson's pay for 2014-15 is £193,075 and he receives no performance related pay or bonuses.
The national conditions of service are that he contributes 7.5 per cent of his salary to the local government pension scheme and Lambeth's employer contribution to the pension fund for all contributing members of staff is 16.8 per cent.
In some years the Chief Executive also receives election expenses when general, local or European elections occur. Mr Anderson receives no other form of income.