Federal Government Reclamations Exercise

Question 1

Situations in which a Treasury-disbursed Federal payment must be returned.

Answer 1

• Account closed
• No current account for recipient
• Invalid account number
• RDFI is aware of death or legal incapacity of recipient or death of beneficiary
• Account frozen
• File record edit criteria

Question 2

What types of Federal payments are subject to Reclamation?

Answer 2

Recurring benefit payments such as Social Security, Supplemental Security Income, Black Lung disability, Military and Coast Guard retirement, Civil Service annuity, Veterans benefits, Railroad retirement annuity, CIA annuity, Workman’s compensation, and any other Federal retirement or annuity.

Question 3

Federal agencies must initiate Reclamation within _________ after the date that the agency receives notification of death.

Answer 3

120 calendar days

Question 4

Treasury will reclaim post-death payments within ________ prior to the date of the notice of reclamation – with one exception.

Answer 4

six years

Question 5

An RDFI may limit its liability for post-death payments under what circumstances?

Answer 5

• No actual or constructive knowledge of death at the time of the deposits or withdrawals of post-death deposits
• All post-death payments are returned after RDFI learns of death
• RDFI responds completely and accurately within 60 days of date on Notice of Reclamation.

Question 6

RDFI liability can be limited to the amount of the account balance at the time the RDFI first received notice of death plus the amount of all post-death benefit payments received within ________ following death.

Answer 6

45 calendar days

Question 7

An RDFI must return all payments received _____________

Answer 7

upon learning of death