Issue details

OVERPAYMENT OF PENSIONS POLICY

The purpose of this report is to inform Members of the introduction of an ‘Overpayment of Pensions Policy’ formalising the operational and decision-making processes in dealing with the overpayment of pensions.

Decision type: Key

Reason Key: Expenditure impact > £500,000;

Decision status: For Determination

Wards affected: (All Wards);

Anticipated restriction: Part exempt  -

Explanation of anticipated restriction:
That Pensions Committee approves the draft ‘Overpayment of Pensions Policy’ which formalises the Fund’s current operational practice, including the application of HMRC’s statutory £250 “de minimums limit”, the reporting and legal process to manage recovery and the write-off of irrecoverable debt.

Decision due: 29 Mar 2021 by Pensions Committee

Lead member: Councillor Pat Cleary, Leader of the Green Group, Chair Pensions Committee patcleary@wirral.gov.uk

Lead director: Director of Merseyside Pension Fund

Department: Delivery

Contact: Emma Jones Email: emmajones@wirral.gov.uk.

Agenda items

Documents

  • OVERPAYMENT OF PENSIONS POLICY