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Public Sector: Pensions

Question for Treasury

UIN 133859, tabled on 22 March 2018

To ask Mr Chancellor of the Exchequer, what the consequences will be for public sector employees whose pensions have been overpaid as a result of incorrect guaranteed minimum pension calculations.

Answered on

29 March 2018

Where a ministerial department is responsible for the appropriate pension scheme, it is for them to determine, in accordance with Managing Public Money (July 2013, Annex 4.11), whether and how overpayments are to be recovered. If departments determine that it is not feasible to recover overpayments, they will need to bring the resultant losses to parliament’s attention. In the case of the local government pension scheme, decisions on whether and how to recover overpayments are matters for the relevant local authority.

Answered by

Treasury