Superannuation Act 2010
- Type of Bill:
- Government Bill
- Francis Maude
- Lord Wallace of Saltaire
Progress of the Bill
Bill started in the House of Commons
- House of Commons
- House of Lords
- Royal Assent
- Royal Assent 16 December, 2010 | 16.12.2010
Act of Parliament
|Superannuation Act 2010 c.37||23.12.2010|
Latest news on the Superannuation Act 2010
Following consideration of Lords amendments in the Commons the Bill has returned to the Lords. Both Houses have agreed on the text of the Bill and it received Royal Assent on 16 December 2010. The Bill is now an Act of Parliament (law).
Summary of the Superannuation Act 2010
Clause 1 of this Bill would cap compensation payable under the Civil Service Compensation Scheme at a maximum of 12 months’ pay for compulsory redundancy and 15 months’ for voluntary exits. Clause 2 provides for clause 1 to expire after 12 months, unless repealed, extended or revived using order-making powers.
The Conservative-Liberal Democrat Coalition Government has invited the civil service unions to negotiate a “sustainable and practical long term successor scheme”.
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