"Social Security Reduces Overpayment Repayment Requirements for Beneficiaries"

The Social Security Administration has announced a significant change in its overpayment recovery policy, reducing the amount beneficiaries must pay back. Instead of automatically withholding 100% of overpaid amounts, the agency will now collect 10% or $10, whichever is greater, from recipients' monthly benefits. Exceptions will be made for cases involving fraud. This change aims to make the overpayment policies fair and equitable, addressing concerns about recipients facing financial hardship. Additionally, the agency is reviewing its procedures and policies following criticism and reports of deficiencies in internal controls regarding overpayments.