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Recoupment

What Happens When There’s a Mistake in Your 401(k)

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Are you keeping a close eye on your 401(k) and other retirement plans? You should, because employers and plan managers make mistakes—and that can lead to big headaches and out-of-pocket costs for you.

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Proposed regulations on the recovery of pension plan overpayments (July 2015)

Regulations

The Pension Rights Center submitted comments to the Internal Revenue Service (IRS) on procedures for the recoupment (recovery) of overpayments made to participants.

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Triangle Wire pension fight resolved for 14 former employees

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Former employees of Triangle Wire & Cable Co. are finally receiving lost pensions and benefits after more than a year of negotiations. The Boston-based advocacy group New England Pension Assistance Project, represented the former employees. 

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What is Recoupment?

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Updated: July 2015


I received a letter from my pension plan stating that it has been overpaying me. The letter says that the plan is going to reduce my monthly payments and that I will also have to pay an additional amount to the plan. What can I do?

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Experts watching high court session

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Pension plan executives and other investors are watching several Supreme Court cases in the term starting Oct. 5, especially ones that could change the rules for bringing legal actions against corporations, and challenges to when and where retirement plan participants can sue.

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Pensioners Fight Back When Fund Demands Overpayments Be Returned

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You retire assuming the pension you were told you’ll get is correct. But imagine being told you were overpaid by your pension fund and now you have to pay back tens of thousands of dollars.

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IRS Moves to Ease Pension Pain

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AARP Bulletin story exposed drastic payment reductions

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As Pension Recoupment Grows, Advocates For Pensioners Offer Advice to Agencies

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Pension plans have been ratcheting up demands that retirees reimburse them for benefit overpayments, and a lack of government guidance has pushed those efforts even further, advocates for pensioners told Bloomberg BNA.

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Pension Plan Clawbacks Becoming More Common In U.S.

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In recent months, many seniors have been surprised to find that they have been the subject of a pension plan clawback, an action that is occurring more frequently across the United States.

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Glimmers of hope for victims of unfair pension takebacks

Blog entry

In a recent article, “Can They Grab Your Pension?”, AARP Bulletin highlights the problem of recoupment – when a pension plan overpays a retiree and then demands that the retiree pay back the ove

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