Portland police and fire pension fund to recoup nearly $3 million in overpayments from retired firefighters and cops.

Portland's public safety pension board is moving to recoup nearly $3 million in miscalculated pension payments from police and firefighter retirees.

The Portland Fire and Police Disability and Retirement Fund's board also plans to reconsider the cost-of-living adjustment for retirees' pensions each year. For two decades, retirees have come to expect an annual 2 percent cost of living increase. more...

(Editor's Note: Another reason to stay vigilant.)