Our response: Draft regulations on the LGPS exit payments
22 Dec 2020
We're pleased to share our response to MHCLG’s consultation on "The Local Government Pension Scheme (Restriction of Exit Payments) (Early Termination of Employment) (Discretionary Compensation and Exit Payments) (England and Wales) Regulations 2020". Our comments on the draft regulations can be downloaded below.
We have a specialist public sector actuarial team which employs over 60 people exclusively advising on the LGPS. Alongside our actuaries there is a team of governance, administration and project consultants providing advice to our LGPS clients on benefits matters such as these, plus a team of 15 investment consultants.
We have previously responded to the consultation on reforming local government exit pay where we have set out our wider views. This response is limited to comments on the technical drafting of these regulations.
If you wish to discuss any aspect further then do get in touch with your usual Hymans Robertson contact or get in touch here.