DAK files federal suit to get back pension overpayments
By Wayne Faulkner
DAK Americas’ pension plan overpaid 15 former employees of its shuttered Navassa plant and now wants that money back, according to a suit filed Thursday in federal court.
DAK’s Retirement Committee, which administers the plan, said in the suit that a miscalculation of benefits caused it to pay too much to the employees, all of whom elected to receive lump-sum payments rather than an annuity. The manufacturer of PET resins closed its Brunswick County plant last year and 350 company employees lost their jobs.
Individual overpayments ranged from $8,640 to $215,922 and totaled $1.851 million, according to the suit filed in US District Court for Eastern North Carolina.
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