Some Oregon retirees to see 2 percent pensions cut

SALEM, Ore. — More than 20,000 retired Oregon public employees will start seeing a 2 percent reduction in their monthly checks this year to pay back an overpayment. Another 8,000 who received a lump sum pension payment will be asked to set up a re-payment plan.

The Public Employees Retirement System directors approved the plan Thursday to recoup $156 million in overpayments to so-called "window retirees" who retired between April 200o and April 2004.

The Statesman Journal reports the state could hire private collection firms to pursue payment from pensioners living outside the state who refuse to pay back the money.

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