SDCERS Interest Payment for Overpayment/Underpayment Due to Error by City/SDCERS Sample Clauses

SDCERS Interest Payment for Overpayment/Underpayment Due to Error by City/SDCERS. 1. For purposes of this section, “Eligible Employee” includes all DCAA-represented employees who are on City payroll or on an approved leave of absence on or after July 1, 2023, regardless of their employment status (i.e., active, separated, DROP, DROP Extension, or retired), and receive an SDCERS’ correction letter on or after July 1, 2023, in connection with the underpayment of contributions or the overpayment of pension benefits as a result of an error by SDCERS or City employee.
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Related to SDCERS Interest Payment for Overpayment/Underpayment Due to Error by City/SDCERS

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  • Repayment of Overpayments a. If, at any time, Rehab identifies any Overpayment, Rehab shall repay the Overpayment to the appropriate payor (e.g., Medicare contractor) within 60 days after identification of the Overpayment and take remedial steps within 90 days after identification (or such additional time as may be agreed to by the payor) to correct the problem, including preventing the underlying problem and the Overpayment from recurring. If not yet quantified, within 60 days after identification, Rehab shall notify the payor of its efforts to quantify the Overpayment amount along with a schedule of when such work is expected to be completed. Notification and repayment to the payor shall be done in accordance with the payor’s policies.

  • OVERPAYMENT OF PURCHASES OR UNDERPAYMENT OF FEES Without limiting any other remedy available to any Purchaser, Contractor shall (a) reimburse Purchasers for any overpayments inconsistent with the terms of this Master Contract or orders, at a rate of 125% of such overpayments, found as a result of the examination of the Contractor’s records; and

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