Minimum monthly payments
We calculate the minimum monthly payment on overpayments caused by fraud differently than those that were not.
If your overpayment wasn't caused by fraud
Your monthly payment equals the greater of either:
- One-third of your weekly benefit amount.
- 3% of the total overpayment balance.
- $25.
If your overpayment was caused by fraud
Your minimum monthly payment equals the greater of either:
- Your weekly benefit amount at the time you were overpaid.
- 3% of the total outstanding balance from when we mailed the billing statement.
If you have been affected by identity theft, your information may have been used for fraud. This may be why you have an overpayment. Learn about reporting scams or fraud and what steps you can take.
Interest
We charge 1% per month interest on overpayments. Interest begins on your principal and penalty balance if you miss 2 or more minimum monthly payments—even if you paid part, but not all, of those payments.
For overpayments caused by fraud, interest begins immediately. We also charge interest on your principal and penalty balance.
After the first month we charge you interest, we also charge on interest you already accrued.
Offsets and deductions
If you stop meeting your minimum monthly payment for any reason, we may deduct from your benefits. We can withhold half or all your benefits each week you claim to repay your overpayment's principal balance.
If your overpayment wasn't caused by fraud
Each week you claim, as long as you have an overpayment to repay, we will deduct 50% of your benefits.
Situations when we deduct 100% of your benefit
We will deduct 100% of your weekly benefit if:
- Your overpayment was caused by fraud.
- The money left in your benefit claim is equal to or less than the amount you owe.
- You ask us to cancel your old claim to file a new claim.
- You asked us to deduct it to pay off your overpayment faster.
We will not deduct any interest, penalties or court costs. You have to pay these costs yourself.