Restricting Exit Payments in the Public Sector ConsultationPublish date: 14/05/2019
The government legislated for a cap of £95,000 on exit payments in the public sector in the Small Business Enterprise and Employment Act 2015 as amended by the Enterprise Act 2016. The government is now consulting on the draft regulations to implement the cap. The exit payment cap includes redundancy lump sums and pension top-up payments. It also includes pension strain (when there is a cost to employers if an employee leaves a post early) which will see the cost of the strain included in an employee’s pay out thus reducing it. LLG are looking to respond to the consultation and want your views to inform it.
The consultation paper can be viewed here
The deadline for the consultation submission is 3rd July 2019.
Please email Helen@llg.org.uk with your thoughts, views and submissions by 21st June 2019 to enable a joined up response to be produced to the government.