'McCloud/Sargeant': HMT pensions public consultation and cost cap announcement
On Thursday 16th July the HM Treasury (HMT) launched its consultation on proposals to remove the discrimination identified in the McCloud/Sargeant litigation. Separately, HMT has announced the unpausing of the cost cap mechanism. The cost control element of the 2016 valuations process will now be completed, and the costs of addressing the discrimination identified in the McCloud judgement will be included in this process.
You can find the consultation and associated documents in the links below:
In support of the launch of the consultation and cost cap announcement, a Home Office FAQ document can be accessed here. Please note that this provides a high level summary only and the details of the proposal can be found in the consultation.
The consultation period will run until 11th October and on behalf of the PSA, National Secretary Dan Murphy will be contributing to the consultation response prepared by the Police Pension Scheme Advisory Board and will submit a separate response on behalf of the PSA. Any comments members have would therefore be welcomed and would need to be submitted to [email protected] by the 1st September 2020, so that they can be considered for inclusion in the PSA response.
If you wish to provide an individual response, directly to the consultation, the documentation provides the following instructions:
How to respond
1.36 This consultation will run for 12 weeks and will close at midnight on Sunday 11 October. Responses can be submitted by email to: [email protected]
1.37 Alternatively, please send responses by post to:
Pensions Remedy Project Team HM Treasury
2/Red
1 Horse Guards Road London
SW1A 2HQ
1 Horse Guards Road London
SW1A 2HQ
1.38 When you are responding, please make it clear which questions you are responding to. Additionally, please indicate whether you are replying as an individual or submitting an official response on behalf of an organisation.
*Please note the GDPR instructions and how your data will be used in the guidance
This consultation is separate to and will not impact upon the PSA group action in relation to ‘injury to feelings’ that many members have recently signed up for.