Federal Government Payments Flashcards
Regulation that “implements Treasury’s statutory responsibility to collect and disburse public funds, establishes the rights and duties of the parties to Entries originated or received by agencies through the ACH system, just as other Treasury rules regulate the rights of parties to Treasury checks.”
31 CFR 210
Online Enrollment for Financial Institutions
Go Direct
Automated Enrollment Entry (ENR) process in ACH are for?
- SSA
- SSI
- VA
- OPM
- RRB
FS 1200
- SSA
- SSI
- RRB
- OPM
FM 24-0296
VA
FS 1199A
Other Federal Payments
Enrollment by phone
U.S. Treasury Electronic Payment Solution Center (EPSC)
800-333-1795
SSA Payment Cycling
Based on date of birth
- 1st-10th= Second Wednesday
- 11th-20th = Third Wednesday
- 21st-31st = Fourth Wednesday
SSA Payment Cycling if beneficiary receives both SSA and SSI
SSI - 1st of month
SSA - 3rd of month
A Representative Payee does not have to be assigned by an agency?
FALSE
A Representative Payee may authorize direct deposit enrollment on behalf of entitled beneficiary?
TRUE
A Representative Payee may remove themselves from account?
FALSE
Optional enrollment form for Vendor/Miscellaneous Payments
SF 3881
Requires Financial Institutions input
Used to validate RTNs used to originate Federal Government payments and to send financial institutions Reclamation notices, trace inquires and marketing materials.
Financial Organization Master File
Contains routing number and single financial institution name and address for each RTN. Is updated Monthly.
Financial Organization Master File
RDFI must ensure federal government benefit payment enrollments are established for account that is in name of recipient or beneficiary, with exceptions:
- Representative payee account
- Certain broker-established investment accounts
- Resident trust/ patient fund account at nursing facility
- Religious order/ vow of poverty situation
- certain prepaid card accounts
- Where Treasury has granted waiver
Fiscal Services only utilizes these SDA windows
Second and Third
Types of payments that utilize PPD
- Benefit
- Annuity
- Travel
- Salary
- Allotment
- IRS tax Refund
- IRS (Advanced Child Tax Credit)
- Public debt payments
What is placed in field 11 of Company/Batch Header record that identifies Originator as a federal government entity or agency.
A “2”
How can you identify treasury disbursed payments based on location?
Look for the Regional Financial Center Symbol. RFC Symbol.
The execution, levy, attachment, or other legal process involving a written instruction issued by a court, a state or state agency, a municipality or municipal corporation or a state child support enforcement agency.
Garnishment
Requires financial institutions to take certain actions upon receipt of garnishment orders.
Title 31 CFR Part 212
Protection of federal benefit payments applies to which programs?
- Social Security and Supplemental Security Income benefits.
- Veterans’ Benefits
- Federal Railroad retirement unemployment and sickness benefits.
- Civil Service Retirement System and Federal Employee Retirement System benefits.
How are protected benefits identified in the Company Entry Description File?
Identified by “XX”
