Instructions for Part V – Payment Information

10. Premium credit

Report the total amount of premium credits available to offset the premium due. Premium credits include:

• Estimated 2013 Flat-rate Premium paid earlier in the year (Large Plans only),
• Any other payments made for 2013 (including an estimated Variable-rate Premium for a Large or Mid-size Plan when amending the filing to reconcile the estimate. See "Correcting Filings, Reconciling Estimates, Refunding Overpayments" section), and
• Any overpayment of the 2012 premium filing for which a refund was not requested and that has not been applied to amounts due. A plan account history is available on My PAA. You should review the account history to confirm that a 2012 overpayment is available.

If this amount includes cents, report the exact amount (dollars and cents), not a rounded amount.

11. Amount due

If the total premium due equals or exceeds the total premium credit, subtract the total credit from the total premium and report the result as the amount due. This is the amount you owe PBGC. See Appendix 3 for information on payment options.

If this amount includes cents, report the exact amount (dollars and cents), not a rounded amount.

12. Treatment of Overpayment

1. If the total premium is less than the total premium credit, subtract the total premium from the total credit and report the result as an overpayment. If this amount includes cents, report the exact amount (dollars and cents), not a rounded amount.
2. If you have an overpayment, you must choose whether to have the overpayment refunded (by electronic funds transfer or check) or credited towards the next year’s premium for the plan. Report your choice by checking the appropriate box.
   • Refund - If you choose to have the overpayment refunded, the quickest way to receive your refund is to select the electronic funds transfer option, which we strongly recommend. To facilitate an ACH electronic funds transfer, indicate whether the account is a checking account or savings account, and provide the bank routing number and account number to which the refund is to be credited. If you prefer your refund by Fedwire funds transfer (available only for refunds of $100,000 or greater), please call 1‑800-736-2444 or 202-326-4242 and select option 2 (premiums) for instructions. For Fedwire funds transfers, you can have the refund credited to a sub-account within the main account if you provide the sub-account number to us.
   • Credit - If you choose to use the overpayment as a credit towards next year’s premium for the plan, you should claim the overpayment amount as a credit on the next year’s premium filing for the plan.