Amount and calculation of severance payment
5.—(1) For the purposes of section 12(2)(a) of the 2004 Act, the amount of the severance payment is–
(a)£10,000 for a member of a local authority who shall, at the date of the next ordinary election, have served for a period of 10 complete years or less;
(b)£15,000 for a member of a local authority who shall, at the date of the next ordinary election, have served for a period of more than 10 complete years but less than 15 complete years;
(c)£20,000 for a member of a local authority who shall, at the date of the next ordinary election, have served for a period of 15 complete years or more.
(2) For the purposes of the calculation in paragraph (1) of the period of complete years–
(a)a “complete year” means a period from 1st January until 31st December;
(b)service as a member of any of the local authorities in Scotland is included, including–
(i)service as a member of any council constituted under section 2 (constitution of councils) of the 1994 Act;
(ii)service as a member of any of the former regional, district or islands councils constituted under section 2 of the 1973 Act (constitution of councils of regions, islands areas and districts); and
(iii)service as a member of any of the former councils for the counties, counties of cities, large burghs, small burghs and districts that ceased to exist by virtue of section 1(5) of the 1973 Act (new local government areas in Scotland)(1);
(c)a continuous period of service of 6 calendar months or more within a complete year shall be rounded up to count as a complete year, but a period of service of less than 6 calendar months within a complete year shall be disregarded.
These ceased to exist on 16th May 1975.