What is overpayment?
An overpayment is a payment that is more than the amount to which you are entitled. If you promptly notify the VA Certifying Official at Lewis University of changes affecting your benefits, you can prevent or reduce overpayments. In addition, you should use reasonable judgment when you accept and cash a check. Carefully read all letters from VA about the monthly rate and effective dates of your benefits. If you think a VA check is wrong, contact VA before cashing the check. Return any checks for too much money to VA. If you cash a check for the wrong amount, you will be liable for repayment of any resulting overpayment.
Related Questions
- Will PERS help individual members with possible tax issues associated with the overpayment and potential tax consequences and penalties associated with repayments?
- Will the actuarial reduction end when the member has fully repaid the overpayment from the 1999 earnings allocation (calculated as of the benefit adjustment date)?
- What happens if there is an overpayment?
