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Issue - meetings

Guaranteed Minimum Pension Reconciliation Update

Meeting: 15/03/2019 - Pensions Committee and Pension Board (Item 13)

13 Guaranteed Minimum Pension Reconciliation Update - PC/MAR19/GMP pdf icon PDF 66 KB

Minutes:

The Committee had before it a report by the Director of Resources which provided an update to Committee on the reconciliation of Guaranteed Minimum Pension (GMP) values held by the NESPF and HM Revenues and Customs.

 

The report recommended:-

that Committee note the outcome of the GMP reconciliation project and the decision of the Fund to not recover any overpayments of pension.

 

The Committee resolved:-

to approve the recommendation.

 

The Board resolved:-

to note the decision of the Committee.