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Chicago Teachers’ Pension Fund overpaid retirees, wants money back

Aug 16, 2016

This article originally appeared in the Chicago Sun-Times.

For two years, the Chicago Teachers’ Pension Fund used incorrect dates to calculate retirement benefits, records obtained by the Better Government Association and the Chicago Sun-Times show.

As a result of that error, a total of $2.78 million in overpayments went out to more than 200 retirees, the records show.

Now, the fund — which oversees pensions for more than 28,000 retired Chicago Public Schools teachers and administrators — is asking for its money back.

“They made a mistake — a big mistake,” says 68-year-old Jean Bosak, one of the 234 people who were…

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