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Statements

Subject Item
dbr:Superannuation_Act_2010
rdf:type
yago:Legislation106535222 yago:CivilLaw108453464 yago:WrittenCommunication106349220 yago:Cost113275847 yago:TransferredProperty113252973 yago:Outgo113275288 dbo:Band yago:Possession100032613 yago:Pension113384164 yago:RegularPayment113281275 yago:Law108441203 yago:Relation100031921 yago:LegalDocument106479665 yago:Payment113278375 yago:WikicatPensionsInTheUnitedKingdom yago:Collection107951464 yago:Group100031264 yago:WikicatUnitedKingdomActsOfParliament2010 yago:Abstraction100002137 yago:Writing106362953 yago:Document106470073 yago:Act106532095 yago:Communication100033020
rdfs:label
Superannuation Act 2010
rdfs:comment
The Superannuation Act 2010 (c. 37) is an Act of the Parliament of the United Kingdom. It caps the redundancy payouts to civil servants at 15 months' salary. Initially the proposal was for a maximum of 12 months' salary. This was raised during the passage of the Bill to 15 months in the case of voluntary redundancy. The Act was hardly in place before the maximum figure for redundancy payouts was repealed and higher levels announced.
dcterms:subject
dbc:United_Kingdom_Acts_of_Parliament_2010 dbc:Civil_Service_(United_Kingdom) dbc:Pensions_in_the_United_Kingdom
dbo:wikiPageID
29343656
dbo:wikiPageRevisionID
1082982510
dbo:wikiPageWikiLink
dbc:Pensions_in_the_United_Kingdom dbr:Parliament_of_the_United_Kingdom dbr:Public_and_Commercial_Services_Union dbr:Lord_Wallace_of_Saltaire dbc:United_Kingdom_Acts_of_Parliament_2010 dbr:Superannuation_Act dbr:Francis_Maude dbr:Act_of_Parliament dbc:Civil_Service_(United_Kingdom) dbr:Superannuation_Act_1972 dbr:Severance_package dbr:House_of_Commons_of_the_United_Kingdom dbr:Cabinet_Office
dbo:wikiPageExternalLink
n4:ukpga_20100037_en.pdf n17:stages.html
owl:sameAs
wikidata:Q7643002 n14:4vy8a freebase:m.0drwf5z yago-res:Superannuation_Act_2010
dbp:statuteBookChapter
2010
dbp:useNewUkLeg
yes
dbp:wikiPageUsesTemplate
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dbp:introducedBy
dbr:Francis_Maude dbr:Lord_Wallace_of_Saltaire
dbp:longTitle
An Act to make provision for and in connection with limiting the value of the benefits which may be provided under so much of any scheme under section 1 of the Superannuation Act 1972 as provides by virtue of section 2 of that Act for benefits to be provided by way of compensation to or in respect of persons who suffer loss of office or employment; and to make provision about the procedure for modifying such a scheme.
dbp:parliament
Parliament of the United Kingdom
dbp:shortTitle
Superannuation Act 2010
dbp:status
Current
dbo:abstract
The Superannuation Act 2010 (c. 37) is an Act of the Parliament of the United Kingdom. It caps the redundancy payouts to civil servants at 15 months' salary. Initially the proposal was for a maximum of 12 months' salary. This was raised during the passage of the Bill to 15 months in the case of voluntary redundancy. It was introduced in the House of Commons on 15 July 2010, and received its third reading there on 13 October. The Act was given Royal Assent on 16 December 2010 and passed into law. There had been considerable political controversy surrounding the Act and its provisions and it was considerably amended during its passage through parliament. Under the previous Civil Service Compensation Scheme (CSCS), civil servants received, on average, redundancy pay-offs equivalent to three years' pay, with some senior civil servants eligible for severance packages worth six years' salary. Cabinet Office minister Francis Maude described this as completely "untenable" and "massively out of kilter with the public sector", and said that the Act's effort to cap these redundancy payments was "an inevitable consequence of current economic circumstances". Mark Serwotka, general secretary for the Public and Commercial Services Union, said that "the government wants to lay waste to our members' jobs and livelihoods more cheaply". Legal challenge in Europe was also threatened. The dispute over redundancy payments is long-standing, and under previous rules, in order to change the CSCS an agreement was needed with all six civil service unions. The Superannuation Act 2010 amended the , in order to limit redundancy payouts and to end the absolute requirement for an agreement with trade unions in relation to redundancy payments. The Act was hardly in place before the maximum figure for redundancy payouts was repealed and higher levels announced. In a written statement on 21 December 2010, Francis Maude advised parliament that we "are now in a position to be able to repeal the caps set out in the Act through the Superannuation Act 2010 (Repeal of Limits on Compensation) Order 2010, which comes into force today. The repeal means that the statutory caps of a maximum of 15 months' pay for voluntary departures and 12 months' pay for compulsory departures, will not apply to the new civil service compensation scheme that is starting on 22 December 2010." The key elements of the final compensation scheme for voluntary redundancy, if below normal pension age (either aged 60 or 65), were for one month's pay per year of service up to 21 months (previously 15 months) with a taper of between a maximum of 21 months' and six months' compensation for those approaching pension age, and for those at or above normal pension age, one month's pay per year of service up to a maximum of six months.
dbp:commencement
0001-12-16
dbp:legislationHistory
n17:stages.html
dbp:originalText
n4:ukpga_20100037_en.pdf
dbp:royalAssent
2010-12-16
gold:hypernym
dbr:Act
prov:wasDerivedFrom
wikipedia-en:Superannuation_Act_2010?oldid=1082982510&ns=0
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4791
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wikipedia-en:Superannuation_Act_2010