Second reading of Superannuation Bill

08 September 2010

Francis Maude, Minister for the Cabinet Office and Paymaster General, introduced the second reading of the Superannuation Bill in the Commons. It passed with a vote and will be considered by a Public Bill Committee.

Summary of the Bill

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 Clause 2 provides for clause 1 to expire after 12 months, unless repealed, extended or revived using order-making powers.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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