Section 1 Short title
This Act may be cited as the “Keep Estimated Extra Payments Act ”.
Keep Estimated Extra Payments Act
A BILL
To amend the Employee Retirement Income Security Act of 1974 to permit the Pension Benefit Guaranty Corporation and the Secretary of Labor to elect not to recoup benefits overpayments.
Sec. 2 Authority to elect not to recoup benefits overpayments
Section 4022B of the Employee Retirement Income Security Act of 1974 (29 U.S.C. 1322b) is amended by adding at the end the following:
“(c) Authority To elect not To recoup benefits overpayments—The Pension Benefit Guaranty Corporation and the Secretary of Labor may elect not to recoup benefits overpayments made to a participant under this title.”