We have identified the following overpayment and are in good faith voluntarily refunding all monies collected in error. I'm reviewing a sample wage overpayment underpayment agreement from the TWC website.▶️Available for Hire! If you pay an employee more than they should have received in a pay period, you need to know how to correct a payroll overpayment. The salary overpayment resulted because . I wanted to reach out and see how others handle a situation where an employee was grossly overpaid wages. This chapter deals with state law provisions identifying, establishing, and collecting overpayments. All states have provisions addressing these matters.