The Ghost Handouts and Overpayments Stop Today Act or the GHOST Act aims to amend the Employee Retirement Income Security Act of 1974. Its purpose is to clarify the responsibility of the Pension Benefit Guaranty Corporation to recover any overpayments of...
Simple Explanation
The GHOST Act is like a big rulebook that tells a company in charge of pensions to make sure they don't accidentally pay money to people who have passed away and to get back any extra money paid out by mistake, so it goes back where it belongs.