Public Sector Exit Payments (Limitation) Bill

Key Points

• Imposes a limit on exit payments made by designated public sector bodies to employees.
• Covers payments such as severance, redundancy, and other termination costs, with specifics defined in secondary legislation.
• Gives the government power to designate which organisations are covered and which payments count.
• Includes provisions for enforcement or penalties and other related rules to be set by order.
• The bill is at the second reading stage in the Commons and will proceed to further scrutiny if it advances.

Progress

Currently at the second reading in the Commons; if it progresses, it would move to committee stage for detailed examination.