Employees or former employees who discover an overpayment of compensation must report it immediately to their supervisor. BEACON. 1. What is BEACON?This chapter deals with state law provisions identifying, establishing, and collecting overpayments. All states have provisions addressing these matters. For terminated faculty, staff and students for an overpayment in the Current Calendar. Year. Otherwise, fill with blanks. 42-61. Employee. (6) After 30 days, the CE should send a final overpayment letter to the estate. This constitutes the first demand for payment.