Premiere Pro CC 2014 gives wrong time code from clip

Premiere CC 2014 is giving me inaccurate TC. When I bring in a  59.94 Non Drop frame clip the into Premiere,  the TC is wrong. The TC in QuickTime  start frame reads: 15:32:56:00. When I bring it into Premiere, the TC start reads: 15:31:04:08. I have pre set the project and sequence settings to the correct parameters. And, I have also tried bringing the clip in without setting parameters and letting the clip drive parameters once I bring it in to sequence timeline. Regardless, of how I set the parameters, the TC does not read correctly.
The TC reads correctly in FCP 7.
The TC reads incorrectly in AE and Prelude as well. However,  when I look at the metadata in Prelude, there is line for "alternate TC". This line sees the correct  TC as 15:32:56:00  However, in the prelude sequence The TC reads incorrectly.
This is pretty time sensitive.
Thanks,

In addition, when I interpret the footage to 30fps, the TC is correct. This is quite odd.

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    ===========                      =======
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