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Code of Federal Regulations (Last Updated: July 5, 2024) |
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Title 20 - Employees' Benefits |
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Chapter II - Railroad Retirement Board |
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SubChapter F - Internal Administration, Policy and Procedures |
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Part 361 - Recovery of Debts Owed to the United States Government by Government Employees |
§ 361.12 - Procedures for salary offset: Types of collection.
Latest version.
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§ 361.12 Procedures for salary offset: Types of collection.
A debt will be collected in a lump sum or in installments. Collection will be effected in one lump sum collection unless the employee is financially unable to pay in one lump sum, or if the amount of the debt exceeds 15 percent of disposable pay. In these cases, deduction will be by installments.