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Social Security Acting Commissioner Kilolo Kijakazi told Congress in mid-October that the agency sent overpayment notices to 1.03 million people in fiscal year 2022 and 987,000 people in 2023.
In 2023, the Social Security Administration collected $4.9 billion in overpayments, and is going after another $23 billion from beneficiaries, according to KFF Health News. An investigation by KFF ...
Additionally, Sen. Sherrod Brown (D-Ohio), who chairs a Senate panel that oversees Social Security, noted that “the government’s got to fix this.” Also: 5 Actions You Must Take If Your ...
Social Security overpayments occur when a beneficiary receives more money than they are owed, according to the SSA. The overpayment owed is the difference between the amount received and the ...
As previously reported by GOBankingRates, the SSA’s latest Agency Financial Report revealed that the agency made about $11.1 billion worth of new overpayments to Social Security beneficiaries ...
It might be a long time before the Social Security Administration gets out from under the cloud of an overpayment crisis that has plagued the agency for a couple of years now. The SSA has angered...
The Internal Revenue Code and the Social Security Act Title III now also require states to reduce their current unemployment to recover previous incidents of overpayment. An extension of The Assistance for Unemployed Workers and Struggling Families Act has been granted until December 31, 2012.
Due to the size and complexity of the Social Security system, recipients sometimes receive the wrong benefit amount. Unfortunately, this can lead to a hefty surprise bill. On Oct. 4, the Social...