What Is An Overpayment And Are There Penalties?
A. After a claim is determined to be financially eligible, all claimants are instructed via a personal or group interview or through an information pamphlet how much they are entitled to receive. Claimants are required to notify the agency if they receive any monies in the form of earnings or benefits (vacation, holiday pay or pension) for any week in which they are claiming benefits. Failure to reports monies may cause an overpayment and result in penalties being assessed against the claimant’s claim. Penalties range from deduction of monies overpaid from future benefits or possible prosecution if intentional fraud is determined.
