069 Public Sector Exit Payments
The Restriction of Public Sector Exit Payment Regulations 2020 aim to prevent public bodies from making excessive payouts to departing employees. They cap the amount of an exit payment at £95,000. That sounds like a generous enough redundancy package, but things are as ever a little more complicated than that. To discuss the detail I’m joined by employment lawyer and commentator Darren Newman who works closely with a variety of public sector employers – particularly local authorities. You'll learn:-what’s it's all aboutwhat organisations are covered?what does the £95,000 cap include, and how is the cap allocated between the different elements of an exit payment? is 95K – what does that include?are there exceptions?when do the Regulations come into force? What about redundancies that are already in the pipeline?Darren Newman's top tip for public sector employers.====Listen to Daniel Barnett on LBC, the UK’s largest commercial talk radio station. Join him every Saturday from 9pm for the LBC Legal Hour. Listen live on FM 97.3, DAB radio, online at lbc.co.uk or via the Global Player App. Listen to his latest show using the Global Catchup Player.See all Daniel Barnett’s books here.Get high-level access to barrister Daniel Barnett, for answers to your most complex HR and employment law problems. Visit http://www.hrinnercircle.co.uk for more information.Thank you for listening and please leave a review if you found this helpful. Subscribe to Employment Law Matters to automatically receive new episodes every Tuesday. If you have a question, or any feedback, please email podcast@danielbarnett.co.uk or tweet @daniel_barnett . © Employment Law Services Limited. Any information on this podcast is for general guidance only. Please see our full terms and disclaimer.