Social Security pays $1.4 trillion in benefits to more than 71 million people each year
The Social Security Administration said Wednesday it would review its overpayment procedures and policies, and may claw back any overpayments found.
“Despite our high accuracy rates, I am putting together a team to review our overpayment policies and procedures to further improve how we serve our customers,” said Kilolo Kijakazi, acting commissioner of Social Security. The 2024 COLA for Social Security is expected to rise about 3.2%, according to estimates from the Senior Citizens League, a pro-senior think tank. That’s compared with an 8.7% increase for 2023, which was the highest COLA in more than 40 years amid high inflation.
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Social Security Administration Claims Overpayments, Congress Demands AnswersSee multiple perspectives from Washington Examiner, Newsweek, and ABC News (Online) at AllSides.com.
Read more »
Social Security’s big day: COLA to be announced Oct. 12The COLA will be about 3.2%, based on forecasts from the Senior Citizens League, a pro-senior think tank.
Read more »
Social Security COLA: How much will it be; when will it be announced?How much more money will be in your Social Security check next year? We will know soon.
Read more »
Social Security COLA: How much will it be; when will it be announced?How much more money will be in your Social Security check next year? We will know soon.
Read more »
The 2023 Social Security 2100 Act is a bad version of a great billIt has temporary benefit increases, is greedy on the COLA, and overreaches on revenues
Read more »
Social Security reviewing overpayment policies, procedures following Action News Jax investigationThe Social Security Administration announced Wednesday that the agency will conduct a review of its overpayment procedures and policies to make sure people are receiving the right amount in benefits and to safeguard the integrity of the program.
Read more »