19-20-1202. Correction of errors.
87 words·~1 min read·
/mt/title-19/chapter-20/part-12/19-20-1202·A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
19-20-1202 . Correction of errors. The retirement system shall correct errors and, as far as practicable, shall:
(1)in the case of underpaid benefits, adjust future benefit payments so the actuarial equivalent of the benefit to which the member or benefit recipient is correctly entitled will be paid;
(2)in the case of overpaid contributions, refund the excess contributions;
(3)in the case of unpaid contributions, recover the amounts owed for unpaid contributions; and
(4)in the case of overpaid benefits, recover the amounts owed for overpayment.