HC Deb 08 February 1994 vol 237 cc138-9W
Mr. Bayley

To ask the Secretary of State for Transport what proportion of London Transport board members' pay was linked to performance in July 1992 and in July 1993.

Mr. Norris

Only the full-time executive members of the London Transport Board are covered by performance pay arrangements. Non-pensionable bonuses for these members are paid retrospectively, based on performance in the previous financial year. In the financial years 1992–93 and 1993–94 the bonuses paid represented on average additions of, respectively, 14 per cent. and 27 per cent. to the basic salary for the relevant year of the members concerned. The increase between the two years is partly explained by an increase in the maximum bonus payable under the bonus scheme from 25 per cent. to 40 per cent. of basic salary.