Minister for the Cabinet Office Liam Byrne confirmed today that £126m has been overpaid to 95,000 public sector pensioners since 1978 in a large scale administrative mistake.
Liberal Democrat Shadow Chancellor Vince Cable revealed the blunder in Parliament yesterday, naming Xafinity Paymaster as the administrator that overpaid the pensioners.
But Xafinity has confirmed that it was errors in the data on guaranteed minimum pensions supplied by the Government that lead to the overpayments.
In a statement today Xafinity says it is working closely with its public sector clients to help those schemes identify GMP data issues and correct future pension payments as quickly as possible.
It adds: “Accurate and timely pension payments are incredibly important to pensioners, so every effort is being made to sort the problem out.”