Improvements to Rules on Recoupment of Benefit Overpayments

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