AT&T Overpaid Some Pensioners. Now It Wants the Money Back.

AT&T Overpaid Some Pensioners. Now It Wants the Money Back.

August 3, 2018, The Wall Street Journal

Richard Shea is quoted in The Wall Street Journal regarding AT&T’s miscalculation and overpayment of retirement benefits. Mr. Shea says that some pension experts have concluded that overpayments essentially never harm plan finances because employers must set aside enough money to cover a lifetime of benefits based on what retirees actually receive. He adds, “The way finding rules work, you’ve already got it. You don’t have to get it back.”