The PBGC issued new rules on recouping benefit overpayments of benefits.
Until now, the agency recovered overpayments by cutting back future benefit payments by about 10% a month. But because such reductions became permanent, the agency sometimes recouped more than it was owed.
Under the new rule, the reduction in monthly benefits will end once the overpayment has been repaid without interest. In cases where the agency has recouped the overpayment, it will readjust monthly benefits starting May 29.