Local government secretary Eric Pickles has vowed to ban the practice of public sector staff retiring with large pension pots then returning to work on new deals.
Yesterday the Department for Communities and Local Government (DCLG) launched its guidance Openness and accountability in local pay, which sets a cap on public sector pay at £100,000. Any pay above £100,000 will have to be publicly justified in open sessions of full councils, and includes bonuses, inflation pay rises,severance money or retirement benefits. Pickles has vowed to eradicate the practice of what he terms "double dipping", where public sector workers retire from their roles from age 55, begin drawing their pensions, and take up another role with the same local authority. ...
To continue reading this article...
Join Professional Adviser for free
- Unlimited access to real-time news, industry insights and market intelligence
- Stay ahead of the curve with spotlights on emerging trends and technologies
- Receive breaking news stories straight to your inbox in the daily newsletters
- Make smart business decisions with the latest developments in regulation, investing retirement and protection
- Members-only access to the editor’s weekly Friday commentary
- Be the first to hear about our events and awards programmes