Wednesday, February 24, 2016

When will the public sector exit payment cap come into force?

‎Here is the answer from Anna Soubry, Minister of State, Department for Business Innovation and Skills yesterday (with thanks to a colleague on the employers' side who spotted this);

"To answer the hon. Gentleman's question directly, the regulations giving effect to the cap will not be in force until 1 October 2016 at the earliest, giving employers and employees time to prepare. The power to relax the cap can address any unforeseen unfairness or hardships that arise, which will include cases where the exit is agreed and scheduled to take place before the regulations come into force, but, for a reason beyond the control of the employee, the exit occurs after they have come into force."

‎So - not before October.

In another post I'll address the next attack on our pensions (and rights on redundancy).

This Government hates public sector workers almost as much as it hates the public sector.

Sent from my BlackBerry 10 smartphone on the EE network.

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