PLANS to abolish the post of chief executive would save the Isle of Wight Council £210,000 a year.
The post, held by Steve Beynon, is due to be made redundant from March as part of the authority’s cost-cutting plans.
Mr Beynon will receive the statutory minimum redundancy payment of £13,050, based on his age and length of service, and will not receive any enhancements to his pension, a council spokesman said this week.
Mr Beynon had announced retirement plans before the decision was made to abolish the chief executive post.
The spokesman said: "The chief executive will be treated the same as other staff members whose posts have been made redundant. He will be paid for his statutory notice period, which can only begin upon the decision to delete the post being ratified by full council.
"No other council officer is being paid an enhanced salary to undertake the role on an interim basis."
As previously reported, finance director Dave Burbage is due to take on the head of paid service role until May, when a permanent successor will be appointed.