Redundancy packages for senior public sector workers are likely to be capped at £95,000, as the government seeks to implement the policy passed into law in the 2016 Enterprise Act.
The Treasury today set out plans to further restrict public sector redundancy payments by better coordinating the rules for calculating payoffs across the civil service, the NHS and local government.
The Treasury has announced a plan to cap redundancy payments across the public sector at £95,000 to end what Chief Secretary to the Treasury Greg Hands said were ‘golden goodbyes’ paid for by the...
Further steps to limit the redundancy payments made to senior public sector staff have been announced by the Treasury, with legislation now set to outlaw six-figure payouts.
