True or False: Government employees are exempt from interest, fee, and penalty charges on overdue debts.

The correct answer is based on the understanding of how government debt management operates. Government employees are not exempt from interest, fee, and penalty charges on overdue debts simply because of their employment status. The rationale is that all individuals, regardless of whether they work for the government or in the private sector, are generally held accountable for repaying their debts in accordance with the terms set forth when the debt was incurred.

While there may be specific provisions or forgiveness programs in some circumstances (such as debt repayment programs specifically for certain types of loans), these do not cover a blanket exemption for government employees. Therefore, the idea that government employees would automatically be exempt from these charges is inaccurate. Thus, the statement is false.

The other options do not accurately reflect the general policy governing debt management practices, which confirms that no universal exemption applies to government employees concerning overdue debts.