What should a retirement plan sponsor do if it discovers that it has overpaid benefits to a retiree or other former employee? The question has recently arisen in the case of the pension plan of Pontiac, Michigan, which accidentally overpaid many of its retirees an average of $1,000 over a 16-month period. Read more.
Tag Archives: fiduciary duties
IRS Clarifies That Plans Do Not Necessarily Have to Recoup Overpayments
Employee Benefits Library: Socially Responsible Investing
(Posted on November 2, 2013 by Carol V. Calhoun)
CalSTRS Finalizes Divestments from Gun Manufacturers
(Posted on April 23, 2013 by Carol V. Calhoun)
An article in Pensions & Investments reports that in the wake of the school shooting in Newtown, Connecticut, the California State Teachers Retirement System (CalSTRS) has approved the divestiture of holdings in two gun manufacturers that make weapons that are illegal in California.