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Post No: 612493 August 03, 2014, 10:25AM
Guest wrote:

I elected to take my pension at 55. Hewitt manages the pension for The Phoenix Companies. I had forgotten until I received a letter that my pension amount would decrease at age 62. However, Hewitt screwed up and never decreased the amount. Because of that naturally my pension dropped and they are also taking an additional $450 (approx) out of my check until the money is returned, 4 mos. This now brings my pension down to under $400 a month. That doesn't even cover my mortgage. And the most insulting was the last line of the letter. "We apologize for any inconvenience this may cause you and we would appreciate your cooperation in this matter". Really, do I really have a choice, I don't cut the checks. So thank you very much Hewitt for the inept handling of my pension funds.

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