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Published 13 May 2019
The government has launched a consultation on draft regulations and associated guidance which resurrects plans to introduce a £95,000 cap on exit payments in the public sector.
In 2015, following response to consultation, the government published draft regulations imposing a cap of £95,000 on the total aggregate value of exit payments made to most public sector workers. These regulations were not progressed, and the government has now resurrected its plans for a cap and has published draft regulations and guidance for consultation.
There are key differences between these draft regulations and those published in 2015. These are:
We are not aware of any plans to impose new requirements allowing the clawback of public sector exit payments where an employee returns to employment in the public sector within 12 months.
The key points to note are:
What does this mean for the employers?
It seems likely that the government will press ahead with implementing the draft regulations, but there is no timetable yet fixed. There is an opportunity for employers to respond to the consultation on the draft regulations before 3 July 2019 and the link is available here.
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