Welcome to the Pension Benefit Guaranty Corporation's Web-based training entitled, Introduction to Repayment of Benefit Overpayments Through Recoupment, Recovery and Administrative Correction.

 

This course covers Benefits Administration and Payment Department policy and procedures and is intended for all analysts responsible for seeking repayment of overpayments made in plans for which PBGC is trustee.

 

Please use the navigation below in the right corner to scroll through the course. We encourage you to take notes as you go through this web course.

If you have not done so already, please review the introductory module that describes how to navigate this course.

In this module we will…

• Provide an overview of recoupment, recovery and
  administrative correction
• List causes of overpayments, why they occur, and
  ways to identify overpayments
• Present examples of overpayment situations

In this module we will…

• Discuss overpayments and underpayments, the overpayment accrual commencement date, payments that are counted, the computations used, and PACS
• Introduce the $5 rule and multiple benefits such as
  contingent annuity benefits
• Review a variety of examples to demonstrate the key points

In this module we will…

• Examine uses of the recoupment reduction percentage,
  reductions, end dates, waivers, and non-level benefits
• Discuss percentage caps, BDL and non-BDL notification requirements, and PACS calculations
• Describe temporary additional recoupment
• Discuss recoupment under the prior plan

In this module we will…

• Define recovery and debtor
• Examine five situations where recovery applies
• Discuss some key elements of policy and procedures such as the annuity option, de minimus rule, installment payments, no interest, hardship determinations, write-off rules, other debt collection, and recovery notification

In this module we will…

• Describe administrative correction
• Identify the situations where administrative correction is used
• Identify the methods used in administrative correction
• Describe the notification requirement