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 email@example.com
Lead director: Director of Merseyside Pension Fund
Contact: Emma Jones Email: firstname.lastname@example.org.
- 29/03/2021 - Pensions Committee OVERPAYMENT OF PENSIONS POLICY 29/03/2021
- OVERPAYMENT OF PENSIONS POLICY