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Never thought I'd be happy to NOT have a pension. With friends in some edgy pension plans like Chicago teachers or municipal workers, I can relate to their fears. It's very scary. Some other friends have pensions which are being paid out of fund principal already... and not covered by PBGC.
Oh!.. to return to the old days of corporate loyalty and ESOP plans.
Looks like she knew they were overpaying her from the start, but did nothing about it. It's no different than the IRS making an error on your tax return and then forcing you to pay it back. They are not responsible for making errors.
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