PBGC proposes changes to how it collects overpaid pension benefits
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Table of Contents
The Pension Benefit Guaranty Corporation (PBGC) is proposing a change to how it recovers money that was accidentally paid out to people receiving pensions. This applies specifically to the PBGC’s insurance program for single-employer plans that have been terminated and are now managed by the agency.
Why it matters: This is a practical administrative change that standardizes how the agency collects debts and limits who it can collect from.
Who it affects
- People receiving pensions through PBGC-managed single-employer terminated plans
This is a proposed rule from the Pension Benefit Guaranty Corporation; readers should consult the Federal Register before relying on these changes as they are not yet final.
Agency: Pension Benefit Guaranty Corporation
Source: Federal Register — read the official document