If you work in Local Government, School, Academy or a Contractor and are a member of
the Local Government Pension Scheme then you really need to stop and read this GMB
Your Terms and Conditions are under attack!
The Government have introduced new regulations effective from 4th November 2020
which means – if you are aged 55 and over and are being made compulsorily redundant –
your redundancy and combined pension strain costs cannot exceed £95K.
£95K sounds a lot! But set out below is how this calculation is made up and as you will
see it affects a lot of average earners in Local Government – not Public Sector Fat Cats
as the government would have you believe!
What is the GMB doing about it? With our sister Trade Unions, we are taking the
government to court to challenge these regulations which we believe are wholly unfair
and unnecessary. Especially when our members have been on the frontline protecting
our communities from Covid.
If you are a member of GMB in Local Government and are at risk of redundancy or
considering taking voluntary redundancy and you think you will be impacted by the cap
we want to hear from you!
Please contact your Rep/Branch/Officer/Region.
If you are not a member of the GMB and you want to join our campaign (Stop the
Pension Robbery) you can Join GMB today!
A detailed FAQ is available here.
Posted: 17th November 2020