Posted on May 16, 2023
Navy retirees see cuts to monthly benefits, must repay $7M after system overpayment error
1.76K
17
3
7
7
0
"The federal government is attempting to recoup almost $7 million from more than 1,200 people who retired from the Navy after it discovered a system error had given them larger monthly payments than they were due for almost four years, officials said Monday."
Navy retirees see cuts to monthly benefits, must repay $7M after system overpayment error
Posted from nbcnews.com
Benefits
Retirement
Posted >1 y ago
Responses: 3
5
5
0
That's a really big whoops on the part of the Navy. Utterly avoidable had someone done their freakin' job...correctly.
(5)
(0)
1
1
0
I understand the problem. But these sailors are not at fault.
Under no circumstances should they be charged interest. Really DoD?
Recoupment should come from their retirement check and be capped at $100/month or 5%, whichever is greater. If it takes DoD 4 years to recover money from THEIR ERROR, so be it.
Under no circumstances should they be charged interest. Really DoD?
Recoupment should come from their retirement check and be capped at $100/month or 5%, whichever is greater. If it takes DoD 4 years to recover money from THEIR ERROR, so be it.
(1)
(0)
Read This Next
Continue with Facebook 
Continue with Google