[Code of Federal Regulations]

[Title 20, Volume 1]

[Revised as of April 1, 2005]

From the U.S. Government Printing Office via GPO Access

[CITE: 20CFR255.5]



[Page 502]

 

                      TITLE 20--EMPLOYEES' BENEFITS

 

                  CHAPTER II--RAILROAD RETIREMENT BOARD

 

PART 255_RECOVERY OF OVERPAYMENTS--Table of Contents

 

Sec.  255.5  Recovery by cash payment.



    The Board shall have the right to require that an overpayment to an 

individual be immediately and fully repaid in cash by that individual. 

However, if the Board determines that the individual is financially 

unable to pay the amount of the indebtedness in a lump sum, payment may 

be accepted in regular installments in accordance with the Federal 

Claims Collection Standards, found in 4 CFR chapter 2. These standards 

provide that whenever possible installment payments should be sufficient 

in amounts and frequency to liquidate the debt in not more than 3 years.