Accounting, Payroll & Pension Issues/pension overpayment

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Question
I've just been notified that I have been overpaid in my pension by 72,000.00 and they are demanding immediate repayment.  I have used 1/3 for living expenses and lost 1/3 to market slump and used the 1/3 on a purchase of land.  I am only receiving disability payments that started in 2007.  I cannot return the money, it was not my fault. What I receive doesn't cover my mortgage, common charges and utilities monthly.  Can they make it harder for me?  I am in Connecticut USA

Answer
First, I would strongly recommend your talking to an employment attorney.

The question of your not being able to repay the money is, I do not think, relevant, if an error was made.

I am not certain what the rules are though in your situation.

What does your attorney say.  

Accounting, Payroll & Pension Issues

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Arthur Naman

Expertise

General accounting and bookkeeping questions. How to do monthly bookkeeping, how to prepare financial reports. How to reconcile accounts.

I cannot answer questions pertaining to pension or retirement planning.

This is not a forum to have homework answered. Please do your own homework.

Experience

30 years' experience doing tax and accounting work

Education/Credentials
MPA from Univ. of Texas at Austin, MBA Golden Gate Univ, San Francisco CA

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