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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 ...
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...
What you might not know is that the earnings test could lead to Social Security overpayments you might one day have to pay back. Learn: This Is the Minimum You Need Saved for Retirement in Every State
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 ...
Beneficiaries can report these changes using their online “my Social Security” account, by calling toll free at 1-800-772-1213 or by visiting their local social security office.
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...
Social Security’s $20B Overpayment Problem Heads to Congress — Who Will Pay for This Costly ‘Management Problem’? ... 5 Actions You Must Take If Your Retirement Savings Fall Below $50,000.
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