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

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.
- Social Security clawed back overpayments by docking 100% of benefits. Now it's capping it at 10%. CBS News
- Social Security commissioner vows to end 'clawback cruelty' with new plan for benefit overpayments CNBC
- SSA Commissioner Testifies on Financial State of Social Security C-SPAN
- Social Security in 'customer service crisis' as agency also faces looming insolvency KOMO News
- CBO's 2023 Long-Term Projections for Social Security Congressional Budget Office
Reading Insights
Total Reads
0
Unique Readers
2
Time Saved
2 min
vs 3 min read
Condensed
85%
462 → 70 words
Want the full story? Read the original article
Read on CBS News