Open consultation on reforming local government exit pay
Proposed changes to the LGPS regulations have been announced. These changes affect the automatic entitlement to unreduced pension benefits for members over age 55 who leave the scheme because of redundancy/efficiency.
Ministry of Housing, Communities and Local Government (MHCLG) have published a consultation on restricting exit payments in local government in England and Wales. Visit the Gov.uk website to read more information on the proposed reforms. The consultation closes on 9 November 2020.