• No over-payment to be paid back.
  
  
• Abolish pension clawback schemes, withdrawing this integration pension arrangement, that reduces your works pensions when state pension increases.

YOU ARE ON
End Clawback
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When she reaches 66 in 2023, she expects that she will be hit with a close to £200 monthly reduction in her company pension because of a practice that enables the bank to reduce some former staff members’ payments."... 

..."HSBC calls the practice “state deduction” and the way it works is complex. 

The formula is based on length of service (though it does not apply to benefits built up after June 2009) and the basic state pension when an individual leaves the bank’s service, though the latter was frozen at July 2015’s level. 

HSBC introduced the deductions in 1975, and the policy applies to scheme members who joined between then and June 1996."...

..."It is estimated that about 52,000 former HSBC employees are affected. The banking giant – which announced profits for 2019 of more than £10bn "... 

... It was a clawback one, provided by the local council. Every six months my contract was renewed as though I was a new employee. I wasn't given holiday allowances/sick pay etc as I didn't "qualify" because they insisted I was only "part-time" working from 10 am to 2.30pm five days a week. Then suddenly I did qualify for the last two six month contracts that I worked.....

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