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Current as of January 02, 2025 | Updated by Findlaw Staff
(a) Amount of the reduction. If you receive other benefit income as defined in § 408.220, we will reduce your SVB payment by the amount of the other benefit income you receive in that month. The reduction is on a dollar-for-dollar and cents-for-cents basis. We do not round SVB payment amounts except as described in paragraph (b) of this section.
(b) Minimum benefit amount. If the reduction described in paragraph (a) of this section results in a benefit amount that is greater than zero but less than $1.00, we will pay you a benefit of $1.00 for that month.
Cite this article: FindLaw.com - Code of Federal Regulations Title 20. Employees' Benefits § 20.408.510 How do we reduce your SVB when you receive other benefit income? - last updated January 02, 2025 | https://codes.findlaw.com/cfr/title-20-employees-benefits/cfr-sect-20-408-510/
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