ERB: Won't I.D. Recipients

Posted by Jim Spence on Sunday, June 12, 2011
Labels:
Jan Goodwin - ERB
According to the Albuquerque Journal there were 693 beneficiaries who received overpayments from the New Mexico Educational Retirement Board last summer. So far ERB management has been tight lipped about the response received from the beneficiaries who received the largest overpayments. It seems obvious from the news flow that the ERB is having trouble recovering the money. The checks were sent last July and August and totaled $1.7 million. The ERB's miscalculations and incorrect payments were reported by the Journal to have ranged from $306,000 to 66 cents.
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1 comments:

Anonymous said...

I think the reason that the ERB is having trouble recovering the money is that the recipients want to make sure that this is all legal and to be sure they actually owe the money. It takes time to double check information the ERB has provided to them.The way the over-payment was presented has flaws.

December 5, 2011 at 11:26 AM

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