Commenting on the announcement of Restriction of Public Sector Exit Payments: Guidance on the 2020 Regulations, Douglas Green, Partner says:

“We welcome today’s change which addresses the situation where LGPS funds were in effect forced to choose which set of regulations to breach. We are also glad to see that members will be effectively reimbursed, and that employers are receiving clear instruction to treat such cases as if the cap had not applied.

“It is important to note that LGPS funds will have taken various steps over the past three months to address the £95k cap legislation, and these steps will now require to be readdressed.”