With this it will be convenient to discuss the following:
Amendment 18, in clause 41, page 56, line 18, at end insert—
“(1A) The restriction placed on public sector exit payments must be reviewed at regular intervals and, where necessary, be adjusted in line with inflation and earnings growth.”.
This amendment would ensure that the level that the restriction on public sector exit payments is set will be linked to inflation and earnings growth.
Amendment 15, in clause 41, page 57, line 10, at end insert “, including payments relating to employees earning less than £27,000 per year”.
This amendment would provide that regulations may exempt from the public sector exit payment cap those earning less than £27,000.
Amendment 16, in clause 41, page 57, line 27, at end insert—
“(10A) Nothing in this section applies in relation to payments made by the bodies listed in NS1.”.
This amendment would exclude employees of companies listed in NS1 operated by the private sector from the scope of the proposed cap on exit payments.
Government amendments 3 to 9.