Question to the Cabinet Office:
To ask the Minister for the Cabinet Office, pursuant to the Answer of 10 March to Question 34653 on Royal Mail: Workplace Pensions, how many of the 906 overpayments of tax free lump sums in 2024 have been resolved by (a) payment in full, (b) part payment as full settlement or (c) written off.
Out of the 906 miscalculated overpayments in 2024, in respect of the second bite overpayment (742 members) we can confirm that 248 overpayments have been recovered in full; 494 are in recovery by way of monthly deductions to their pension, and 4 members have yet to have their recovery method agreed, and there is ongoing correspondence to finalise this.
In addition, all 160 duplicate pension increase members are in recovery. Where members were unable to return the overpayment in full, monthly deductions from their pension were put in place. There were no part payments or payments written off.