Pension Plan Entitled To Be Reimbursed For Overpayments, Federal Judge Determines
(October 2, 2015, 2:02 PM EDT) -- NEW BERN, N.C. — A North Carolina federal judge on Sept. 29 determined that a retirement committee overseeing a pension plan is entitled to equitable contribution and reimbursement from plan participants for overpayments of pension benefits (Retirement Committee of DAK Americas LLC, et al. v. Rodney B. Smith, et al., No. 14-36, E.D. N.C.; 2015 U.S. Dist. LEXIS 133286).
(Opinion available. Document #54-151014-032Z.)
The Retirement Committee of DAK Americas LLC filed suit in the U.S. District Court for the Eastern District of North Carolina under Section...