600 Pontiac Retirees Got Wrong Higher Pension Payments

PONTIAC, Mich. (AP) – Hundreds of Pontiac retirees were overpaid over 16 months and must repay money to the city’s pension fund.

The Oakland Press reports that some of the 600 retirees will have to repay as much as $2,300. Pension system director Cecelia Carter says a two-year monthly pension increase approved by Pontiac’s former emergency manager was wrongly figured into cost-of-living calculations.

The excessive payments total $659,000. Mayor Deirdre Waterman says it’s “not a sneeze for me.”

Retirees will get a letter in April explaining the problem.

The temporary pension increase was adopted in 2013 when retiree health care benefits were eliminated.

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