Agenda item
Agenda item
Exit Payments Cap
Minutes:
Naomi Cooke, Head of Workforce, and Jeff Houston, Head of Pensions, introduced item four.
Naomi’s and Jeff’s presentation included specific details on the cap; how the cap would be applied in local government; details around relaxing the cap; decision making responsibilities; implications for the Local Government Pensions Scheme (including corrections that are needed to draft regulations); and next steps and timescales. Naomi concluded that:
- Officers expect the LGA’s Leadership Board will want to discuss this item, and the discussions from Resources Board members obtained will act as a briefing for this future discussion.
- For members to endorse this approach to the consultation.
The Chair stated that the government is looking to – understandably – stop very high-payments or payoffs to certain individuals, however, they have adopted a one size fits-all approach. Members then discussed the following:
- Members raised concerns regarding long-serving local government employees that are possibly on a low wage that may hit this cap. Members agreed that this is not fair to these individuals.
- Members agreed that is vital for a robust response.
- Members discussed the three different courts that have a potential to impact the cap.
- Members discussed the discrimination factor of the cap; figures show the chances obtaining employment after redundancy at a certain age goes down.
Action
Members agreed the response consultation.
Supporting documents: