§ 475. Errors
Should any change or error in the records result in any member or beneficiary receiving from the Retirement System more or less than he or she would have been entitled to receive had the records been correct, the Retirement Board shall have the power to correct such error, and to adjust as far as practicable 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 or in such a manner that the impact upon the Fund is de minimis. (Added 1971, No. 231 (Adj. Sess.), § 4; amended 2017, No. 165 (Adj. Sess.), § 5.)
Structure Vermont Statutes
Chapter 16 - Vermont Employees' Retirement System
§ 456. Name and date of establishment
§ 458. Creditable service; military service
§ 459. Normal and early retirement
§ 459a. Restoration of service
§ 460. Ordinary disability retirement
§ 461. Accidental and occupationally related disability retirement
§ 461a. Benefit denial; evidentiary hearing
§ 462. Reexamination of disability beneficiary
§ 464. Accidental and occupationally related death benefit
§ 465. Termination of service; ordinary death benefit
§ 466. Coordination of disability retirement benefits with workers’ compensation benefits
§ 467. Death benefit after retirement—Group C
§ 469. Minimum benefit—Group C
§ 470. Postretirement adjustments to retirement allowances
§ 471. Retirement Board; Medical Board; actuary; rates of contribution; safekeeping of securities
§ 472. Investments; interest rate; disbursements
§ 472a. Compliance with federal law
§ 473a. Periodic actuarial reports
§ 476. Exemption of member’s interest; assignment
§ 476a. Alternate payee; domestic relations orders
§ 479a. State Employees’ Postemployment Benefits Trust Fund
§ 480a. Group A members; limit on contributions
§ 482. Participation by local governments; election by employer
§ 483. Petition by employees; transfer of assets
§ 484. Election by employee; service credits
§ 488. Payment of contributions
§ 490. Default; paid up deferred annuity