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Recoupment

South Central Pension Rights Project saves a retiree from a $120,000 recoupment

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As part of the Pension Counseling and Information Program, the Pension Rights Center receives calls from people who have problems with or questions about their retirement plans.

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Happy Older Americans Month!

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The start of May marks the beginning of Older Americans Month, a celebration of the contributions older Americans make to society. Sponsored by the U.S.

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McLaren Bay Region on pension miscalculation: New option being evaluated, no one will immediately be asked to repay

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McLaren Bay Region has announced it won’t immediately ask any of the retirees who were overpaid because of a pension miscalculation to pay back the money they owe.

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McLaren Bay Region pension error affects hundreds of retirees

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McLaren Bay Region is working to fix an error that affected pension benefits for dozens of employees.

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Pension Rights Center: Situation at McLaren Bay Region fairly common

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A calculation error made years ago and only recently discovered caused 283 McLaren Bay Region retirees to be either overpaid or underpaid when it came to their pensions, and Rebecca Davis, legal director at the Washington, D.C.-based Pension Rights Center, says the situation is common.

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Pension error hits Fresno widow with $48,000 debt

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Sally Baker answered her phone in late May and got hit with a double whammy from the city of Fresno pension system. We've been paying you too much on your survivor's pension, Baker was told. Kiss about $530 from your monthly check goodbye. And, the billion-dollar pension system added, we want all those overpayments returned. You got $48,000 to send our way?

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Prudential tries to collect pension overpayment after 17 years

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In this television news story, the Mid-Atlantic Pension Counseling Project is featured helping a retiree who was told to repay his former employer pension money that he was overpaid, through no fault of his own.

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A New Chapter of Pension Plan Woes

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Pensions used to be a reliable stream of retirement income, but these twists and turns could put a pension benefit in jeopardy.

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10 Things Pension Plans Won't Tell You

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Yes, they still exist. And some of them toy with taxpayer money.

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Unfair Pension Takebacks: What Can Be Done to Protect Retirees

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Recoupment occurs when a pension plan administrator erroneously overpays pension benefits to retirees. Often these overpayments are made for many years before anyone realizes that a mistake has been made. When a plan finally realizes it has made a mistake, it corrects future payments and recoups the overpaid amounts either by reducing future payments or demanding a lump sum.

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