Public Sector Exit Payments

September 7th, 2020

Both Houses of Parliament are back in session, but there are still no draft Regulations before them for a £95K cap on exit payments. Indeed it is now apparent that this will not happen before November at the earliest. On 7 September 2020, MHCLG has issued a Consultation Paper, for response by 9 November 2020, “ Reforming Local Government Exit Pay”. This is on exit pay for local government workers in England, and specifically for those who are eligible to be members of the LGPS, with entitlement to early access to pension and to redundancy compensation pay. The consultation includes proposals for limiting pension strain cost. There are 12 consultation questions.

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