Current through the 2023 Regular Session
Section 19-20-1202 - Correction of errorsThe 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.En. Sec. 2, Ch. 210, L. 2015.