# 29 CFR § 4903.6: How will PBGC add interest, penalty charges, and administrative costs to a debt owed to PBGC?

> Federal · Regulations · In force

URL: https://www.frixlaw.com/law-library/statutes/ecfr-29-4903.6

## Section

- **Citation:** 29 CFR § 4903.6
- **Heading:** How will PBGC add interest, penalty charges, and administrative costs to a debt owed to PBGC?
- **Jurisdiction:** Federal
- **Kind:** Regulations
- **Status:** In force
- **Text as of:** September 22, 2026
- **Source:** Publisher's official text
- **Location:** Title 29—Labor > Subtitle B—Regulations Relating to Labor > CHAPTER XL—PENSION BENEFIT GUARANTY CORPORATION > SUBCHAPTER L—INTERNAL AND ADMINISTRATIVE RULES AND PROCEDURES > PART 4903—DEBT COLLECTION > Subpart B—Procedures To Collect Debts Owed to PBGC

## Text

(a) Assessment and notice. PBGC will assess interest, penalties and administrative costs on PBGC debts in accordance with the provisions of 31 U.S.C. 3717, 31 CFR 901.9 and other applicable requirements. Administrative costs, including the costs of processing and handling a delinquent debt, will be determined by PBGC. PBGC will explain in the notice to the debtor how interest, penalties, costs, and other charges are assessed, unless the requirements are included in a contract or other legally binding agreement.
(b) Waiver of interest, penalties, and administrative costs. Unless otherwise required by law, regulation, or contract, PBGC will not charge interest if the amount due on the debt is paid within 30 days of the date from which the interest accrues. See 31 U.S.C. 3717(d). To the extent permitted by law, PBGC may waive interest, penalties, and administrative costs, or any portion thereof, in appropriate circumstances consistent with the FCCS.
(c) Accrual during suspension of debt collection. In most cases, interest, penalties and administrative costs will continue to accrue during any period when collection has been suspended for any reason (for example, when the debtor has requested a hearing). PBGC may suspend accrual of any or all of these charges in appropriate circumstances consistent with the FCCS.

## Nearby sections

- [29 CFR § 4903.1 § 4903.1 What definitions apply to this part?](https://www.frixlaw.com/law-library/statutes/ecfr-29-4903.1.md)
- [29 CFR § 4903.2 § 4903.2 What do these regulations cover?](https://www.frixlaw.com/law-library/statutes/ecfr-29-4903.2.md)
- [29 CFR § 4903.3 § 4903.3 Do these regulations adopt the Federal Claims Collection Standards (FCCS)?](https://www.frixlaw.com/law-library/statutes/ecfr-29-4903.3.md)
- [29 CFR § 4903.4 § 4903.4 What rules apply for purposes of filing with PBGC, determining dates of filings, and computation of time?](https://www.frixlaw.com/law-library/statutes/ecfr-29-4903.4.md)
- [29 CFR § 4903.5 § 4903.5 What notice will PBGC send to a debtor when collecting a debt owed to PBGC?](https://www.frixlaw.com/law-library/statutes/ecfr-29-4903.5.md)
- [29 CFR § 4903.6 § 4903.6 How will PBGC add interest, penalty charges, and administrative costs to a debt owed to PBGC?](https://www.frixlaw.com/law-library/statutes/ecfr-29-4903.6.md)
- [29 CFR § 4903.7 § 4903.7 When will PBGC allow a debtor to pay a debt owed to PBGC in installments instead of a lump sum?](https://www.frixlaw.com/law-library/statutes/ecfr-29-4903.7.md)
- [29 CFR § 4903.8 § 4903.8 When will PBGC compromise a debt owed to PBGC?](https://www.frixlaw.com/law-library/statutes/ecfr-29-4903.8.md)
- [29 CFR § 4903.9 § 4903.9 When will PBGC suspend or terminate debt collection on a debt owed to PBGC?](https://www.frixlaw.com/law-library/statutes/ecfr-29-4903.9.md)
- [29 CFR § 4903.10 § 4903.10 When will PBGC transfer a debt owed to PBGC to the Treasury Department's Financial Management Service for collection?](https://www.frixlaw.com/law-library/statutes/ecfr-29-4903.10.md)
- [29 CFR § 4903.11 § 4903.11 How will PBGC use administrative offset (offset of non-tax Federal payments) to collect a debt owed to PBGC?](https://www.frixlaw.com/law-library/statutes/ecfr-29-4903.11.md)
- [29 CFR § 4903.12 § 4903.12 How will PBGC use tax refund offset to collect a debt owed to PBGC?](https://www.frixlaw.com/law-library/statutes/ecfr-29-4903.12.md)
- [29 CFR § 4903.13 § 4903.13 How will PBGC offset a Federal employee's salary to collect a debt owed to PBGC?](https://www.frixlaw.com/law-library/statutes/ecfr-29-4903.13.md)
- [29 CFR § 4903.14 § 4903.14 How will PBGC use administrative wage garnishment to collect a debt owed to PBGC from a debtor's wages?](https://www.frixlaw.com/law-library/statutes/ecfr-29-4903.14.md)

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Source: Frix Law Library, https://www.frixlaw.com/law-library/statutes/ecfr-29-4903.6. Check the current official text before relying on it. Not legal advice.