Guidance

Mutually Agreed Resignation or Voluntary Severance schemes

This provides an update on Mutually Agreed Resignation (MAR) or Voluntary Severance (VS) schemes for foundation trusts.

• From: Monitor
• Published: 3 June 2015

Applies to England

Documents

Mutually Agreed Resignation or Voluntary Severance schemes

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Details

Foundation trusts no longer require explicit authorisation from HM Treasury (HMT) to run a MAR / VS scheme and now have the delegated authority to implement local MAR schemes within the 2015/16 financial year subject to set conditions. The guidance outlines these conditions and what to do if a proposed scheme does not meet them.

Published 3 June 2015