Payments
Social Security Eliminates Overpayment Burden for Social Security Beneficiaries – Automatic Overpayment Recovery Rate Reduced to 10 Percent
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Social Security announced it will decrease the default overpayment withholding rate for Social Security beneficiaries to ten percent (or $10, whichever is greater) from 100 percent, significantly reducing financial hardship on people with overpayments. “Social Security is taking a critically important step towards our goal of ensuring our overpayment policies are fair, equitable, and do […]
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Social Security Announces Four Key Updates to Address Improper Payments
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Social Security Commissioner Martin O’Malley today announced he is taking four vital steps to immediately address overpayment issues customers and the agency have experienced. Commissioner O’Malley testified before the U.S. Senate Special Committee on Aging and the U.S. Senate Committee on Finance (excerpt): “For 88 years, the hard-working employees of the Social Security Administration have […]
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