Botched Info Mars TDS-TRS Transfer Process

Teachers and other public employees enrolled in the state's 401(k)-style retirement plan have until May 12 to elect whether to transfer to another public pension program.

To aid that decision, many have been waiting on personalized statements from plan administrators that are supposed to calculate expected benefits under each plan.

But The Charleston Gazette reports that "an estimated 2,000 to 2,200 of those letters went out with incorrect information - including incorrect years of service, or incorrect current salaries, or both - causing a mini-panic for teachers and school service personnel trying to make the critical decision to stay or switch."