This Commons Library Briefing Paper discusses the new public sector exit payment cap that comes into force in November 2020. In particular, it considers how the cap could impact lower-income workers and the circumstances in which the cap can be relaxed.
Documents to download
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Defined Benefit pension schemes (525 KB, PDF)
Looks at factors influencing trends in Defined Benefit pensions schemes and recent policy initiatives.
Documents to download
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Defined Benefit pension schemes (525 KB, PDF)
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Briefing on the Social Security (Uprating of Benefits) Bill 2019-21, which would enable uprating of the State Pension and the Pension Credit Guarantee in the event of earnings falling year-on-year in the three months to July 2020
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Looks at the Pension Schemes Bill 2019-21 which covers Collective Money Purchase Schemes, Pensions Dashboards and stronger powers for the Pensions Regulator