State of Georgia
Five years ago I cashed out my Retirement Income Plan from a former employer to help fund my start up business. The cash out was included on income tax filling and my accountant handled everything. I just received a letter from the administrator of the former company's benefits plan stating that
the calculation for payout used an incorrect rate back in 2006. They state I need to pay them back the overpaid money. Am I legally obligated to payback
the money?
foge1
Five years ago I cashed out my Retirement Income Plan from a former employer to help fund my start up business. The cash out was included on income tax filling and my accountant handled everything. I just received a letter from the administrator of the former company's benefits plan stating that
the calculation for payout used an incorrect rate back in 2006. They state I need to pay them back the overpaid money. Am I legally obligated to payback
the money?
foge1