To ask the Chancellor of the Exchequer, what steps are being taken to ensure the accurate calculation of pensions for eligible individuals in the context of the McCloud remedy.
Answered on
21 February 2024
The Public Service Pensions and Judicial Offices Act 2022 (the Act) provides remedy for discrimination that arose when new public service pensions schemes were introduced between 2014 and 2016. The Act provides that members must be provided with a remediable service statement which provides detailed information about their pension benefits, including any corrections to lump sum benefits, pension benefits or contributions required by the Act. The Act and HM Treasury directions specify the information that must be provided in the remediable service statement. Scheme Managers are responsible for complying with the requirements of the Act and Treasury Directions, and providing accurate information.