Public Sector Exit Cap Introduced - Local Government Association (LGA) publish member FAQ on national LGPS member website
The Government introduced a cap on the amount of money a public sector employer can pay when an employee leaves their employment. It is called the public sector exit cap, or £95k cap. It applies to employees leaving public sector employment from 4 November 2020.
The LGA have now published a member FAQ on the national LGPS member website to answer some of the common questions members may have about the exit cap.
You can access this on their website at https://lgpsmember.org/news/story/exitcap_qanda.php