WASHINGTON, July 6 -- Pension Benefit Guaranty Corporation has issued a proposed rule called: Improvements to Rules on Recoupment of Benefit Overpayments.
The proposed rule was published in the Federal Register on July 6 by Janet Dhillon, Director, Pension Benefit Guaranty Corporation.
Summary: The Pension Benefit Guaranty Corporation (PBGC) is proposing to improve its rules on recoupment of benefit overpayments under PBGC's insurance program for single-employer terminated plans trusteed by PBGC. These proposed improvements include changing the recoupment methodology to a flat rate of 5 percent of a participant's monthly benefit and eliminating recoupment from a participant's surviving beneficiary.
For more information, contact Joseph Kr...