|
Are you getting the correct pension payout?
10-12-2015, 08:46 AM
|
#1
|
Give me a museum and I'll fill it. (Picasso) Give me a forum ...
Join Date: Jan 2006
Posts: 5,350
|
Are you getting the correct pension payout?
If you are getting a pension, make sure you're getting the right amount. If you're getting paid more than you're supposed to and they find out years later, you could owe the excess plus interest.
I was overpaid by my pension. Now I owe $67,000 - Oct. 12, 2015
|
|
|
|
Join the #1 Early Retirement and Financial Independence Forum Today - It's Totally Free!
Are you planning to be financially independent as early as possible so you can live life on your own terms? Discuss successful investing strategies, asset allocation models, tax strategies and other related topics in our online forum community. Our members range from young folks just starting their journey to financial independence, military retirees and even multimillionaires. No matter where you fit in you'll find that Early-Retirement.org is a great community to join. Best of all it's totally FREE!
You are currently viewing our boards as a guest so you have limited access to our community. Please take the time to register and you will gain a lot of great new features including; the ability to participate in discussions, network with our members, see fewer ads, upload photographs, create a retirement blog, send private messages and so much, much more!
|
10-12-2015, 09:32 AM
|
#2
|
Give me a museum and I'll fill it. (Picasso) Give me a forum ...
Join Date: Jan 2007
Location: New Orleans
Posts: 47,500
|
Yes, first I figured out exactly what my pension should be, using my very complete collection of pay stubs/records over my career there.
Then before I retired, I checked with personnel and they independently came up with the same amount to the penny.
That was what I got.
In case anyone is wondering why I kept such a complete collection of pay stubs/records in my own files for so many years, it was for exactly this reason. I wanted to make SURE that I was getting exactly what I was due, no more and no less.
__________________
Already we are boldly launched upon the deep; but soon we shall be lost in its unshored, harbourless immensities. - - H. Melville, 1851.
Happily retired since 2009, at age 61. Best years of my life by far!
|
|
|
10-12-2015, 10:13 AM
|
#3
|
Thinks s/he gets paid by the post
Join Date: Jan 2011
Location: Fair Lawn
Posts: 2,963
|
I would think any payments made beyond the applicable statute of limitations is uncollectable. I don't think any SOL is more than 3 years, so that might be the max these unfortunate people might be on the hook for.
|
|
|
10-12-2015, 10:18 AM
|
#4
|
Give me a museum and I'll fill it. (Picasso) Give me a forum ...
Join Date: Jul 2006
Posts: 11,401
|
A relative of mine had excess pension payments clawed back from her estate.
|
|
|
10-12-2015, 10:22 AM
|
#5
|
Thinks s/he gets paid by the post
Join Date: Aug 2010
Posts: 1,440
|
My company uses Fidelity to manage our pensions.
The Fidelity calculator tells me how much my pension will be for various different scenarios.
I have no way of knowing if it is right or not, but I do know that the calculator has reporting the same payout for the last 5 years. (our pensions were frozen when my company was bought out.)
|
|
|
10-12-2015, 11:15 AM
|
#6
|
Give me a museum and I'll fill it. (Picasso) Give me a forum ...
Join Date: Jul 2014
Location: Spending the Kids Inheritance and living in Chicago
Posts: 17,099
|
Quote:
Originally Posted by Meadbh
A relative of mine had excess pension payments clawed back from her estate.
|
So by the same logic, you should be able to reclaim all the extra taxes that were paid by her over the years for the 'borrowed' pension payment.
|
|
|
10-12-2015, 12:13 PM
|
#7
|
Give me a museum and I'll fill it. (Picasso) Give me a forum ...
Join Date: May 2005
Location: Lawn chair in Texas
Posts: 14,183
|
__________________
Have Funds, Will Retire
...not doing anything of true substance...
|
|
|
|
Currently Active Users Viewing This Thread: 1 (0 members and 1 guests)
|
|
Posting Rules
|
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts
HTML code is Off
|
|
|
|
» Recent Threads
|
|
|
|
|
|
|
|
|
|
|
|
|
» Quick Links
|
|
|