Social Security Will No Longer Withhold 100 Percent of Monthly Benefits to Recover Overpayments

The Social Security Administration ( SSA ) released a new law on Friday that will lower the amount that social security recipients must pay to the agency from their monthly benefits in exchange for overpayments.
” When a person has been overpaid, the law requires the organization to find payments, which can make financial troubles for beneficiaries”, the SSA said in a March 29 website article. Earlier, if the company overpaid a recipient, it would withdraw 100 percent of their regular advantages until the paid amount was recovered. But beginning March 25,” the agency will collect ten percent ( or$ 10, whichever is greater ) of the total monthly Social Security benefit to recover an overpayment, rather than collecting 100 percent as was previous procedure. There will be a few exceptions to this shift, such as when a fraudulent excess occurred…

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