Issue details

LGPS UPDATE

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    This report covers the long-awaited HM Treasury (HMT) response to the consultation on ‘Restricting Exit Payments in the Public Sector’ and the publication of draft regulations, issued on 22 July 2020.

    In addition, the report covers the related Ministry of Housing, Communities and Local Government (MHCLG) consultation – ‘Reforming Local Government Exit Pay’, issued on 7 September 2020. This consultation requests feedback and comments on the proposed reforms to Local Government regulations, in order to meet overarching government policy to limit exit payments to a maximum of £95k for public sector employees.

    Decision type: Key

    Reason Key: Expenditure impact > £500,000;

    Decision status: Recommendations Approved

    Wards affected: (All Wards);

    Decision due: 2 Nov 2020 by Pensions Committee

    Lead member: Councillor Pat Cleary, Co-Leader of the Green Group patcleary@wirral.gov.uk

    Lead director: Director of Merseyside Pension Fund

    Department: Delivery

    Contact: Peter Wallach, Director of Merseyside Pension Fund Email: peterwallach@wirral.gov.uk.

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    Documents

    • LGPS UPDATE