Sixty Second Summary
Consultation on exit payments in local government (£95k cap)
09 Sep 2020
*** BREAKING NEWS – proposals (unexpectedly) will also affect redundancy payments ****
On Monday 7 September 2020, MHCLG issued its consultation on the reform of exit payments in local government. The proposed changes will affect local government employers (mainly, but not exclusively, councils and academy trusts).
English LGPS funds and employers should take urgent action to liaise with HR colleagues regarding any potential early retirement and redundancy packages being prepared for issue in this calendar year.
Download our sixty second summary below for more information on how the LGPS is affected by these proposals.
The closing date for responses is Monday 9 November. We intend to respond to this consultation and will share this with you well ahead of the deadline, to allow you to refer to this when preparing your own response.
We'll be sharing more details very shortly, but in the meantime do get in touch to find out more if you need to update your HR colleagues, finance team and/or Elected Members.