Public sector exit payments: Intergenerational Foundation response

Document type
Paper
Corporate author(s)
Intergenerational Foundation
Publisher
Intergenerational Foundation
Date of publication
3 May 2016
Subject(s)
Poverty Alleviation Welfare Benefits and Financial Inclusion, Children and Young People
Collection
Social welfare
Material type
Reports

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The Intergenerational Foundation (IF) welcomes the opportunity to comment on government policy towards public sector exit payments.

IF is especially concerned about the impact which exit payments currently have on the future cost of public service pension obligations, which represent an enormous economic burden that future generations will have to pay off.

IF supports the government’s policy proposal to prohibit employer funded pension top ups entirely, while giving the option for the individual to decide whether to use any lump sum exit payment to increase their pension entitlement.