Proposed Regulations Revising Debt Collection Rules

The PBGC has issued proposed regulations designed to revise its procedures to conform with those under the Federal Debt Collection Improvement Act and with other Federal debt collection laws.

Document Excerpt 

 This proposed rule would revise the Pension Benefit Guaranty Corporation’s regulation on debt collection to conform to the Debt Collection Improvement Act of 1996, the Federal Claims Collection Standards and other legal requirements applicable to the collection of non-tax debts owed to PBGC. This proposed rule would add salary offset and administrative wage garnishment to the collection methods allowed under the current regulation and make other changes to strengthen PBGC’s debt collection program. Link 


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