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.
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.