Six-figure ‘golden parachutes’ for town hall bosses will be axed under plans unveiled by the Government.
Chancellor George Osborne has promised to cap redundancy pay-outs for public sector workers, expected to be set at £95,000. He also said the Government will continue with plans to clawback exit payments made to those who return to the same part of the public sector within a year.
Mr Osborne said: ‘It is not right that working people should have to fork out for golden parachutes worth hundreds of thousands of pounds for public sector workers when they are made redundant.
‘That’s why we are delivering on our pledge to end six figure pay offs for the best paid public sector workers, ensuring fairness and value for money for the taxpayer.’
Figures show that in 2013, 1,838 public sector employees received redundancy payouts over £100,000.
