§ 22-49. Correction of changes or errors in records resulting in erroneous payments.  


Latest version.
  • (a)

    Should any change or error in records result in any member or beneficiary receiving from the Richmond Retirement System more or less than the member or beneficiary would have been entitled to receive had the records been correct, on discovery of any such error the Board shall correct it and, as far as practicable, shall adjust the payments in such a manner that the actuarial equivalent of the benefit to which such member or beneficiary was correctly entitled shall be paid.

    (b)

    If a member or beneficiary has been overpaid through no fault of the member or beneficiary and could not reasonably have been expected to detect the error, the Board may waive any repayment which it believes would cause hardship.

    (Code 1993, § 23.1-20; Code 2004, § 78-49)

(Code 1993, § 23.1-20; Code 2004, § 78-49)