Assessment or Waiver of Interest, Penalties, and Administrative Costs With Respect to Collection of Certain Debts

Resumo

The Railroad Retirement Board (Board) hereby proposes to amend its regulations to conform those regulations to the practice of the agency to waive interest, penalties, and administrative costs where a debt is being recovered by setoff from current annuities and where the debt was not caused by fraud. This amendment will conform the regulation to current agency practice.