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As an affected retiree, can I repay the overpaid amount in a lump sum and will that lessen the monthly reduction to my benefit?

April 26, 2017affected benefit lessen lump overpaid reduction repay retiree

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As an affected retiree, can I repay the overpaid amount in a lump sum and will that lessen the monthly reduction to my benefit?

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A. Yes, PERS will provide the option to repay the overpaid amount in a lump sum. If the recipient chooses this option, the monthly benefit payment will still be revised to reflect the reallocated 1999 earnings.