NM Pension Fund Seeks Repayment From 6 Retirees

SANTA FE, N.M. (AP) — A pension fund that represents state and local government retirees is asking six retired managers from the city of Santa Fe to repay thousands of dollars they received when they were overpaid for more than a year because of an error that went unnoticed.

The Santa Fe New Mexican reports (http://bit.ly/HsLsTF ) that although the workers say officials initially told them the city would make good on mistakes it made in reporting income to the Public Employees Retirement Association, they subsequently learned that if they want to recoup the cash they'll have to file lawsuits.

All the affected employees participated in a city incentive that allows workers to stop reporting for duty, but to continue collecting a paycheck as they're paid for a predetermined amount of unused sick leave and vacation.

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Information from: The Santa Fe New Mexican, http://www.sfnewmexican.com

Copyright 2012 The Associated Press.