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Saturday, April 08, 2006

Always Look on the Bright Side of Life

Don't let the title of this post fool you. Read Bruce Cockburn's lyrics and you'll see why. Just a quick note to say that I've heard from two correspondents who have "window retiree" friends that have recently (as in last week) received "invoices" from PERS for their alleged overpayments due to the Strunk/Eugene settlement. None of these invoices has been confirmed, nor has PERS responded yet to my inquiries about their authenticity. Nevertheless, if you look closely as the PERS timetable for recovery, the very first invoices were to go to "window retirees" who took some form of lump sum settlement at the time of retirement. Those invoices were scheduled (on the timetable) to go out during the April - July timeframe of 2006. If confirmed, PERS is keeping to its schedule. As soon as I have confirmation, I will post. I'd really like to see a copy of an actual invoice to find out what information PERS is providing to retirees and whether it is sufficient for the member to reconstruct the amount accurately. Stay tuned.

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