We have identified the following overpayment and are in good faith voluntarily refunding all monies collected in error. This model letter as a legally approved form for a client to use when informing an employee about correcting a wage overpayment.This policy sets forth the procedures for wage deductions to recover overpayments made due to mathematical or other clerical error. Your overpayment notice explains why you have been overpaid, your overpayment amount, your repayment options, and your appeal and waiver rights.