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Social Security is a massive program: It’s estimated that benefits were paid to an average of almost 68 million people per month in 2024, totalling about $1.5 trillion.
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.
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.
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 ...
Recipients who received overpayment letters can submit a request for waiver or reconsideration before 30 days have passed by following the instruction on SSA’s overpayment information page.
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.
Prisock’s letter from the SSA said she’ll receive her monthly retirement benefit check of $1,128.20 until the agency starts to collect the overpayment — at which point, it could reduce or ...
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...