Issue details
LGPS UPDATE
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.
Agenda items
- 02/11/2020 - Pensions Committee LGPS UPDATE 02/11/2020
Documents
- LGPS UPDATE