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Treasury Scraps Exit Pay Cap on Public Sector Workers Redundancy Payouts


UNISON general secretary Christina McAnea - welcomed the news - describing the cap as "damaging", saying it had "threatened to blight the retirement of millions of workers".

"Through no fault of their own, long-serving staff over the age of 55 and facing redundancy would have been hit by the regulation," she added.

"Because they're obliged to take their pensions if they lose their jobs, when combined with redundancy payments the final amount could have exceeded the £95,000 cap."

Read more in a recent BBC article  in link below:


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