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DAK files federal suit to get back pension overpayments

By Wayne Faulkner
Wayne.Faulkner@StarNewsOnline.com

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.

Click here to read more at StarNewsOnline.com

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