The £95,000 cap on public sector exit payments was signed into law last night and will come into force on November 4.
Under the new law, any worker over the age of 55 who is made redundant will be affected by the cap, which will include the payment employers make to pension funds.
Want full article access?
Receive The MJ magazine each week and gain access to all the content on this website with a subscription.
Full website content includes additional, exclusive commentary and analysis on the issues affecting local government.
Already a subscriber? Login