Guaranteed Minimum Pensions

(asked on 4th March 2019) - View Source

Question to the HM Treasury:

To ask the Chancellor of the Exchequer, how many public sector workers were directly affected by the recent HMRC exercise to reconcile pensions which resulted in overpayments due to changes in the guaranteed minimum pension.


Answered by
Elizabeth Truss Portrait
Elizabeth Truss
This question was answered on 7th March 2019

The Treasury does not hold data on individuals subject to the guaranteed minimum pension (GMP) reconciliation exercise. Departments, local authorities and their scheme managers to whom administration ‎is delegated are responsible for reconciling GMP data with HMRC. Departments and local authorities are responsible for notifying where there have been overpayments. Further information is set out in scheme accounts.

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