New York Daily News

May 2, 2014


 

The Shack

Oops! Retired cops get $12,000 by mistake and the Patrolmen’s Benevolent Association tells them not to spend it

BY THOMAS TRACY 

CRAIG WARGA/NEW YORK DAILY NEWS
PBA President Patrick Lynch says retirees shouldn't spend the money.

It was a multi-million dollar muck-up — and the city wants its money back.

Scores of NYPD retirees got their $12,000 variable supplement — which they receive every December — this week instead, leaving those receiving the additional funds scratching their heads.

“Somebody sent (the payment) to every retired NYPD cop — that is hundreds of millions of dollars,” said one retired officer, who checked his bank account Thursday and found that the city electronically wired $9,200, the amount after taxes were deducted, to his account Thursday morning. “Was the system hacked into? Where was the security?”

Retirees have been getting the payment — a refund for the millions the Patrolmen’s Benevolent Association loaned to the city in the 1970s — for more than 20 years. The payment arrives every Dec. 15.

The city’s Comptroller’s Office, which is in charge of city employee pensions, admitted Thursday that the money was accidentally electronically wired to retirees with direct deposit, but staffers would not say how the mistake was made.

“There was an erroneous payment,” an agency source said.

But it looks like the city wants the money back.

In a letter sent out to retirees Thursday morning, Patrolmen’s Benevolent Association President Patrick Lynch recommended that no one touch the cash.

“Our understanding is that the Police Pension Fund will attempt to recover the payments that were incorrectly disbursed,” Lynch said.

A spokesman for the city Comptroller’s Office said the agency would make a statement about the mistake later Thursday.