This week, the Public Employees Retirement System began collecting hundreds of millions of dollars in overpayments it made.
This week, the Public Employees Retirement System began collecting hundreds of millions of dollars in overpayments it made.
The payment error happened over a decade ago, and has resulted in many lawsuits since then.
The decisions will affect a still-unclear number of state workers, all of whom retired between 2000 and 2004, and eventually could put as much as $800 million back into the retirement fund.
Those dollars will not help state and local agencies tackle rising public employee costs directly, but they will stabilize the PERS fund, out of which pensions for current and future retirees will be paid.
David Crosley, a spokesman for PERS, said the agency is trying to determine the exact number of affected retirees and the total overpayment amount that PERS will recover. Those figures will be presented at a board meeting in Tigard on Nov. 18, he said.
Read more at The Register-Guard.
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