Have you been overpaid in the government’s latest gaffe? According to the National Audit Office (NAO) and BBC Online, £90m extra has been paid to public sector pensions. Retired soldiers, teachers, doctors and nurses have all been affected by the error, and 31,000 of them will see their income drop as a result next year. However, the number affected is expected to rise still further.
The overpayments have been sourced back to 1978 when there was a mix-up with the indexing of certain pensions. Some schemes did not have the required information recorded which meant that they did not apply the correct annual cost of living.
The real worrying issue is that the problem was highlighted years ago but the agencies who were involved refused to take responsibility for the situation. NAO pointed fingers at HM Revenue and Customs, the five pension schemes, and the Pension, Disability and Carers Service for passing the buck.
The NAO has urged these groups to work closer together as it feared there was the continual risk of further payment errors. In particular, the NAO has suggested it wanted to have a review to see if the process can be simplified.
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Tags: Government, National Audit Office, Pensions, Public Sector
