Long before government bailouts became big news another distressed corporation captured the headlines. Enron sank years ago and some former employees and spouses fought for their retirement money. Now a few are receiving notice they should pay it back.
Peg Jimerson of Omaha hasn't completely retired. “It's the best job I've ever had, watching my two grandkids."
She depended on an Enron retirement payment to help make ends meet, but the accounting firm hired to divide up settlement money miscalculated what some had coming and Peg received notice in the mail to pay back a $1,918.16 overpayment.
“I wasn’t expecting this to be honest with you and the fact that it did come when it did, right before the holidays. I was kind of hoping Santa Claus would come with something better than that."
A spokesman for Enron says about 13 percent of former employees and spouses have been overpaid by the accounting mistake. Harlan Loeb says any of them can dispute the amount, but they shouldn’t ignore the request to repay the overpaid amount. The dispute process can take up to 90 days.
Peg is choosing not to pay back the money for now and wait for another repayment notice because she invested her Enron settlement in the stock market.
“I really wasn’t concerned until I talked to my financial guy and he said there’s not much left there either. I don't believe this."
The accounting firm that made the error is being sued.