GMB UNION SUCCESSFUL IN MAKING GOVERNMENT BACK DOWN ON EXIT CAP
Your union, GMB union, has been successful in making the government back down on the exit cap that was brought in last year across England.
On 4th November 2020 the Government imposed regulations which put a £95k cap on all public sector exit payments. This pernicious change in the law affected workers in the Local Government Pension Scheme because the cap included Pension Strain Costs.
What is the strain cost?