Hi there- new here.
Employer contributes to NHEC employee % of salary, based on years of service. After internal audit, employer discovered they had miscalculated years of service (over and contributed at this higer rate based on this mistake... going back 10 years.
Is the only appropriate correction to adjust years of service back to the initial error, and remove difference in contribution plus interest and earnings for the full 10 years from empoyee RSP account? This would represent a significant percentage of the employee's RSP balance. Are there any alternative approaches to correct?
Thanks!
