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Recoupment

EPCRS Changes Make Key Clarifications For Employers, Participants, Practitioners Say

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Two recent Internal Revenue Service updates to its correction program, the Employee Plans Compliance Resolution System, ease some burdens on employers discovering costly errors in their plans, practitioners told Bloomberg BNA.

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Questions Arise Over Repayment Of Money Paid Pensioners In Error

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Pontiac retirees who were accidentally overpaid may have to give back that money. But an activist group says they shouldn’t have to cough up the cash.

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Pension rights group: Overpayments to Pontiac retirees should be forgiven

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Internal Revenue Service rules could allow the 150-percent-funded Pontiac General Employees Retirement System to forgive overpayments made for 16 months to 600 retirees.

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Can They Grab Your Pension?

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Clawbacks become more common as plans discover they overpaid recipients.

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Courtney: Six more Triangle employees claim lost pension benefits

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The New England Pension Assistance Project is mentioned again, in this follow-up article about the Triangle Wire mass recoupment case (see the December 23 story).

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Former Triangle Wire workers fight to retain pensions

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The New England Pension Assistance Project is featured in this article about a mass recoupment case, in which a pension plan overpaid several retirees for years and now those pensions are being cut or eliminated entirely.

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Accounting mistakes can squeeze pension benefits

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An article in the Pittsburgh Post-Gazette details the problem of recoupment -- when a pension plan demand repayment of money that it overpaid to a retiree -- and highlights the work of the Mid-America Pension Rights Project.

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Little-known government benefit protects retirees [VIDEO]

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The Western States Pension Assistance Project is profiled in this television news story. The Project is one of seven regional pension counseling projects that provide free legal assistance to anyone with a question about their traditional pension, 401(k), or other employer-sponsored retirement plan.

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Pensions ask retirees to pay back tens of thousands

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Some pension plans have overpaid retirees for years -- now they're demanding their money back. For retirees, it can mean owing tens of thousands of dollars. And with little warning, their pension checks are being slashed to cover their debt.
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Pension Fund Demands Overpayments Back, With Interest

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In growing numbers, retirees are getting hit with shocking news: Through no fault of their own, pension fund mistakes resulted in overpayments they must pay back with interest. [VIDEO]

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