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1136664
star this property registered interest false more like this
star this property date less than 2019-07-03more like thismore than 2019-07-03
star this property answering body
Treasury more like this
star this property answering dept id 14 more like this
star this property answering dept short name Treasury more like this
star this property answering dept sort name Treasury more like this
star this property hansard heading Public Sector: Redundancy Pay more like this
star this property house id 1 more like this
star this property legislature
25259
star this property pref label House of Commons more like this
star this property question text To ask the Chancellor of the Exchequer, whether the Government has made an assessment of the effect of restricting exit payments in the public sector on the pensions of staff employed by local authorities. more like this
star this property tabling member constituency Hornsey and Wood Green more like this
star this property tabling member printed
Catherine West more like this
unstar this property uin 272907 remove filter
star this property answer
answer
star this property is ministerial correction false more like this
star this property date of answer less than 2019-07-08more like thismore than 2019-07-08
star this property answer text <p>The government has previously consulted and legislated on the policy for a cap of £95,000 on exit payments in the public sector. The consultation published on 10 April 2019 sought views on the draft regulations to implement this policy. An impact assessment was conducted and published in the 2016 consultation ahead of the primary legislation. Following the current consultation, a further equalities assessment will be conducted on the final version of the legislation.</p><p> </p><p>The government believes it is right to include all payments related to exit within the cap. The cap does not affect any pension that a person has earned through their years of service or have any impact on accrued pension rights. Instead the cap ensures that any additional contribution to that pension made by the employer to fund early access to a pension is limited to no more than £95,000, on account these costs are ultimately funded by the taxpayer.</p><p> </p><p>We accept that there will be some circumstances where it will be necessary or desirable to relax the cap. As such, a waiver system will be in place for use in exceptional situations, including where imposing the cap would cause genuine hardship.</p><p> </p><p>At the request of the Trade Union Congress (TUC), HM Treasury officials met with the TUC and their members during the consultation period. The government is currently considering responses to the consultation on the draft regulations to implement the public sector exit payment cap. The government will respond to the consultation and finalised regulations will be laid before Parliament in due course.</p>
star this property answering member constituency South West Norfolk more like this
star this property answering member printed Elizabeth Truss remove filter
star this property grouped question UIN
272902 more like this
272903 more like this
272904 more like this
272905 more like this
272906 remove filter
272908 more like this
272909 more like this
star this property question first answered
less than 2019-07-08T10:07:17.553Zmore like thismore than 2019-07-08T10:07:17.553Z
unstar this property answering member
4097
star this property label Biography information for Elizabeth Truss more like this
star this property tabling member
4523
unstar this property label Biography information for Catherine West more like this