Lancashire County Pension Fund - Debt Management Policy
September 17, 2021 Pension Fund Committee (Committee) Awaiting outcome View on council websiteThis summary is generated by AI from the council’s published record and supporting documents. Check the full council record and source link before relying on it.
Summary
The Pension Fund Committee decided to approve the Lancashire County Pension Fund Debt Management Policy on 17 September 2021. The policy sets out a framework for managing debts, including recovery and write-off processes. It includes specific procedures for debt recovery authorisation and write-off authorisation limits.
Full council record
Purpose
An internal audit report dated June 2021 entitled "Recovery of pension overpayments" has identified a need to develop a Debt Management Policy. A policy has now been developed taking into account the findings of the audit report, and with input from the Debt Recovery Team and Pension Fund Finance Team.
Details
| Outcome | For Determination |
| Decision date | 17 Sep 2021 |