City council finance chief Phil Halsall in £500,000 pay-off
Sep 5 2008
EXCLUSIVE by David Bartlett, Liverpool Daily Post
LIVERPOOL council’s director of finance is set to depart the local authority with a £500,000 “golden handshake”, the Daily Post can reveal.
Phil Halsall, who earns £180,000 a year, will be seconded to one of the city’s joint venture partners, Enterprise plc, in October before taking early retirement in April next year.
Mr Halsall, 50, will receive an extra five years’ enhancement on his pension package, worth around £420,000, and a lump sum of £80,000.
It comes after the council was labelled the worst in the country in February because of the poor state of its finances, though Mr Halsall has always defended his own record.
His position came under doubt earlier this year when chief executive Colin Hilton decided to restructure the top tier of council management, cutting Mr Halsall’s post.
Mr Halsall, 50, becomes the second person this year to agree a high-profile severance package with the council after former Culture Company chief executive Jason Harborow secured a £230,000 pay-off in January.
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