Social Security slashes amount of overpayments beneficiaries must pay back ...Middle East

By Tami Luhby, CNN (CNN) — Social Security recipients will now have to pay back much less if they were inadvertently overpaid. The Social Security Administration announced Friday that it will no longer automatically withhold 100% of the overpayment amount from recipients’ monthly benefits. Instead, it will collect 10% – or $10, whichever is greater – to recover the overpayment. There will be limited exceptions, such as when an overpayment resulted from fraud. “Social Security is taking a critically important step towards our goal of ensuring our overpayment policies are fair, equitable, and do not unduly harm anyone,” Social Security Commissioner Martin O’Malley said in a statement.

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Social Security slashes amount of overpayments beneficiaries must pay back ...Middle East

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