This report updates Members on the Treasury
announcement of 12 February, to issue a direction to disapply the
‘Restriction of Public Sector Exit Payments Regulations 2020
(£95k cap) with immediate effect. Subsequently, on 25
February the Treasury formally revoked the regulations with effect
from 19 March 2021.
The report raises awareness of the publication of the final report from the Scheme Advisory Board on the Good Governance review and overriding legislation that will impact on the administration of the LGPS.
Decision type: Key
Reason Key: Expenditure impact > £500,000;
Decision status: For Determination
Wards affected: (All Wards);
Decision due: 29 Mar 2021 by Pensions Committee
Lead member: Councillor Pat Cleary, Leader of the Green Group, Chair Pensions Committee email@example.com
Lead director: Director of Merseyside Pension Fund
Contact: Emma Jones Email: firstname.lastname@example.org.
- 29/03/2021 - Pensions Committee LGPS UPDATE 29/03/2021
- LGPS UPDATE