SALEM, Ore. (AP) -- More than 20,000 retired Oregon public employees will start seeing a 2 percent reduction in their monthly checks this year to pay back an overpayment. Another 8,000 who received a lump sum pension payment will be asked to set up a re-payment plan.
The Public Employees Retirement System directors approved the plan Thursday to recoup $156 million in overpayments to so-called "window retirees" who retired between April 200o and April 2004.
The Statesman Journal reports (http://is.gd/l6kKe3) the state could hire private collection firms to pursue payment from pensioners living outside the state who refuse to pay back the money.
Information from: Statesman Journal, http://www.statesmanjournal.com