[Code of Federal Regulations]
[Title 5, Volume 2]
[Revised as of January 1, 2002]
From the U.S. Government Printing Office via GPO Access
[CITE: 5CFR841.505]

[Page 268]
 
                    TITLE 5--ADMINISTRATIVE PERSONNEL
 
          CHAPTER I--OFFICE OF PERSONNEL MANAGEMENT (Continued)
 
PART 841--FEDERAL EMPLOYEES RETIREMENT SYSTEM--GENERAL ADMINISTRATION--Table of Contents
 
       Subpart E--Employee Deductions and Government Contributions
 
Sec. 841.505  Correction of error.

    (a) When it is determined that an agency has paid less than the 
correct total amount of the normal cost for any or all of its current or 
past employees, for any reason whatsoever, including but not limited to, 
coverage decisions, correction of the percentage applicable or of the 
amount of basic pay, or additional payment of basic pay, the agency must 
pay the total additional amount payable under 5 U.S.C. 8423 and subpart 
D of the this part to the Fund.
    (b) The agency withholds the appropriate employee deduction from any 
payment of additional basic pay which is part of, or the result of, the 
corrective action.
    (c) The payment to the Fund described in paragraph (a) of this 
section shall be made as soon as possible, but not later than provided 
by standards established by OPM, regardless of whether or when the 
portion which should have been deducted from employee basic pay is 
recovered by the agency.
    (d) Any portion of the payment to the Fund described in paragraph 
(a) of this section which should have been deducted, but was not, from 
employee basic pay constitutes an overpayment of pay, subject to 
collection by the agency from the employee, unless waived under 
applicable authority such as 5 U.S.C. 5584.
    (e) Corrections and the related agency payments and employee 
deductions will be reported to OPM in the manner prescribed by OPM.