"Social Security Implements 10% Cap on Benefit Overpayment Clawbacks Amid Customer Service Crisis"

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Source: CBS News
"Social Security Implements 10% Cap on Benefit Overpayment Clawbacks Amid Customer Service Crisis"
Photo: CBS News
TL;DR Summary

The Social Security Administration is reforming its policies for recovering overpaid benefits, capping the clawback at 10% of a monthly check and extending repayment plans to 60 months. This comes after previous practices led to financial distress and homelessness for some recipients. The agency will no longer require beneficiaries to prove they aren't at fault for overpayments and will make it easier for them to request a waiver of repayment.

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