To ask the Minister for the Cabinet Office, how many pensioners with (a) Civil Service Pension and (b) Equiniti had their pensions reduced following the Guaranteed Minimum Pension reconciliation exercise undertaken between 2016 and 2019.
13 July 2022
The Cabinet Office is not responsible for the pension arrangements of Equiniti. 26,715 of around 700,000 pensioner members of the Civil Service Pension Scheme were affected following the Civil Service Pension Scheme Guaranteed Minimum Pension reconciliation and rectification exercise.
Civil Service Pension Scheme members were provided with detailed information about the change to their pension, along with any lump sum underpayment due to the member. In cases where pensions had been overpaid the overpayment was written-off and future pension payments adjusted to the correct level. Members requesting a complete breakdown of the calculations supporting these figures, following receipt of the detailed information about the change to their pension, were provided with the complete breakdown.
The reconciliation exercise compares member data held by the scheme with records held by HM Revenue and Customs (HMRC). Where there is a discrepancy between the data sources the reason is investigated in order to reconcile the scheme data with the HMRC data which may result in changes to pensions in payment. Consideration of notional or payable Additional State Pension is not relevant to the reconciliation exercise.