Public Sector Exit Payments (Limitation) Bill

Key Points

• Introduces a limit on exit payments made by certain public sector bodies to departing staff.
• The exact organisations covered are defined within the Bill’s scope.
• Covers various exit payments (such as severance or early retirement) and outlines how the limit is determined.
• Includes provisions on enforcement and oversight to ensure compliance.
• Sponsored by Sir Christopher Chope; currently at the second reading in the House of Commons.

Progress

The Bill is at the second reading stage in the Commons. If it progresses, it would move to committee stage and further stages before possible passage to the Lords.