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Summary
The Lancashire Pension Fund Committee approved recommendations on 16 September 2022. The committee noted the report on the fund's approach to handling overpayments and materiality. The fund has implemented a Debt Management Policy, documented LPPA procedures for overpayments, and automated invoice reminders as part of the Oracle-Fusion project.
Full council record
Purpose
As requested at PFC meeting on 17 June 2022, this report gives an update on the Fund's approach to the handling of overpayments.
Details
| Outcome | Recommendations Approved |
| Decision date | 16 Sep 2022 |