Exit payments cap update

Exit payments cap update

The Government have now responded to the consultation on restricting exit payments in the public sector and have published draft regulations for capping public sector exit payments. These regulations include a list of employers who will be covered by the cap. The...
Funding Strategy Statement Consultation

Funding Strategy Statement Consultation

Earlier this year the LGPS regulations on the payment of exit credits to exiting employers when there is a funding surplus were changed. Following this change we have published a revised draft Funding Strategy Statement for consultation. The Statement sets out our...
Exit payments cap summary

Exit payments cap summary

The government first announced plans to cap exit payments in the public sector in 2015. On 10 April 2019 HM Treasury (HMT) launched a consultation on draft regulations, guidance and Directions to implement the cap. This document summarises the proposals as they relate...