Chicago teacher pension fund overpaid 234, wants its money back

The Chicago Sun-Times reports:

For two years, the Chicago Teachers’ Pension Fund used incorrect dates to calculate retirement benefits, records obtained by the Better Government Association and the Chicago Sun-Times show.

As a result of that error, a total of $2.78 million in overpayments went out to more than 200 retirees, the records show.

Would you want Big Brother "investing" your 401K?