ERB Has Recovered Less Than a Third of Overpayments

Jan Goodwin - ERB

KOAT TV - ALBUQUERQUE, N.M. -- The New Mexico Educational Retirement Board has started collecting money from members who were overpaid because an error in calculating interest. In May, Target 7 uncovered that the ERB overpaid its members by a total of $1.7 million. Since they started recollecting the money in June, the ERB has recouped $565,000 of that money. Next week, a third letter will go out to ERB members who received too much money to remind them to repay the fund. Read full story here: News New Mexico

ERB Has Recovered Less Than a Third of Overpayments