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Fixing Retirement Plan Overpayments

Proskauer Rose LLP

July 3, 2018
Recorded Online
Webcast

In this episode of the Proskauer Benefits Brief, Paul Hamburger, co-chair of Proskauer’s Employee Benefits & Executive Compensation Group, and associate Katrina McCann discuss how to fix retirement plan overpayments, based on (1) the type of plan (i.e., defined contribution or defined benefit plan), (2) whether the overpayment was with respect to a lump sum or ongoing payments, (3) the type of overpayment (whether it was to the wrong person or paid at the wrong time), and (4) who caused the overpayment. 

They discuss the requirements, the decisions involved, and certain ERISA and taxation issues that can arise when addressing these overpayments.

Continue by clicking on the following link:
https://www.erisapracticecenter.com/2018/07/podcast-fixing-retirement-plan-overpayments/

 
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