Tory Leaving Cap Could Threaten Your Pension!

The Governments’ proposed ‘Exit Payment Cap’ has been presented as being about limiting excessive severance payments to public sector workers.

However, the reality will be an attack on the statutory rights for those in the Local Government Pension Scheme; it will be forced upon many more workers than just the most senior managers.

The proposed leaving cap payment of £95,000 would also include any early pension payments.

Please see the attached documents, including UNISON’s response to the proposals.

Just one of many reasons to join the TUC demonstration outside the Tory conference 4th October.

Employer Brief Special – Edition 24 (2)

Consultation on exit payments cap – UNISON response

 

Permanent link to this article: http://www.sandwellunison.co.uk/tory-leaving-cap-could-threaten-your-pension/