What will the new public sector exit payments cap mean for employers?
The Restriction of Public Sector Exit Payments Regulations 2020 came into force on 4 November 2020. The regulations have a considerable impact on public sector exit arrangements for those public bodies listed in the schedule to the regulations.
Caroline Yarrow, Partner in our employment team and Alex Rush, Legal Director in our pensions team discuss whether the changes will lead to a taxpayer saving or a runway to the employment tribunal in an article for People Management.
The full article is available, here.