The Social Security Administration (SSA) announced it will increase the default overpayment withholding rate for Social Security beneficiaries to 100 percent of a person's monthly benefit. The Office of the Chief Actuary estimates this change will result in an increase in overpayment recoveries (i.e., a program savings) of about $7 billion in the next decade.

The withholding rate change applies to new overpayments related to Social Security benefits. The withholding rate for current beneficiaries with an overpayment before March 27 will not change and no action is required. The withholding rate for Supplemental Security Income overpayments remains 10 percent.

https://blog.ssa.gov/social-security-to-reinstate-overpayment-recovery-rate/

It's a start, but won't make it solvent.

Good, Trump.

I don't understand - if they were recovering at 10% per month previously, how does this save $7 billion. This just sounds like they'll get the overpayment "back" faster. Or were they only recovering 10% total previously?

I don't know how Office of the Chief Actuary estimated the recovery amount.

Death certificate not provided to them before the next scheduled payment processes? As but one example.

javajaws said:

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I don't understand - if they were recovering at 10% per month previously, how does this save $7 billion. This just sounds like they'll get the overpayment "back" faster. Or were they only recovering 10% total previously?

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I assume the death of recipients of excess SS results in a non-recovery, so if you can pause checks rather than just trimming them you expect to restore balance to far more accounts.

No usually the SS admin had made a mistake and when they discover it 8 or 9 years later they recoverfrom an elderly person who typically has no clue that there was an overpayment in the first place. Now there's other ways over receiving overpayment but typically this is what happens.

neil88 said:

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Death certificate not provided to them before the next scheduled payment processes? As but one example.

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Ok, but in this article, it says they will withhold 100% of future payments to recover the overpayment. There would be no more payments to a dead person once they know the person is dead.

If SSA overpays for whatever reason, the current max they can recoup per month is 10% per month. Now they will be able to recover 100% of SSA payment until debt is paid back.

Current Ex.

SSA overpaid you by $2000. You currently get paid $500/mo in Social Security. It would take 40 months to recoup that $2000 at $50/mo(10%).

Now it will take 4 months @ $500/mo(100%) to recoup the $2000.

Better stock up on Alpo!

I'm not sure what's going on, but, I got my normal monthly payment on the 12th like always. Then, yesterday, I got another check that was 25% more than my monthly payment.

Happy Days!!

Good Trump!

malenurse said:

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I'm not sure what's going on, but, I got my normal monthly payment on the 12th like always. Then, yesterday, I got another check that was 25% more than my monthly payment.

Happy Days!!

Good Trump!

---

@FBI

@DHS

Pichael Thompson said:

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Just make it optional to participate... if you don't know how to plan for retirement you get to be homeless in your 70s


Why is this so difficult?

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You know why…

THANK you!!

Pichael Thompson said:

---

Just make it optional to participate... if you don't know how to plan for retirement you get to be homeless in your 70s


Why is this so difficult?

---

Hey genius..."planning for retirement" doesn't offset catastrophic loss due to life threatening health threats, meteoric pharmaceutical costs, major unforeseen legal events, sudden death of the major wage earner, theft or embezzlement, etc.

AgGrad99 said:

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I'm dumb with regards to SS. Educate me.

How exactly does someone receive an overpayment in the first place? Is this an error by the SS Admin, or by the person receiving the funds?

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First off all applicants are required to fail an intelligence test to be hired. I paid in for over 50 years and started collecting in February 2024. My employer provided insurance ran through 2024 so I needed to add Medicare part B or A whichever it is. I completed the application December 7, 2024 per requirements. I got an email confirmation I was done with that process and would get coverage January 1, 2025. My January payment didn't have the premium deducted so I went to the SS office. They said they had no record I had ever worked in the US. In my hand was my benefit award letter and yearly breakdown of my earnings and SS and Medicare tax payments on SS Administration letter head. They argued this with me so I left and came back another day. It took 4 visits and from January 14 until March 21, 2025 to convince them.

Any reports of overpayment, payments to dead people or ineligible people is 100% believable.

Sounds like implementation of further government stupidity as a means for offsetting other government stupidity. Methinks this will not do anything other than result in compounding government stupidity.

malenurse said:

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I'm not sure what's going on, but, I got my normal monthly payment on the 12th like always. Then, yesterday, I got another check that was 25% more than my monthly payment.

Happy Days!!

Good Trump!

---

Were you ever in the Texas Teacher Retirement system? If so the rules about how funds were treated has changed and many are getting sizeable checks.

Nope

jja79 said:

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AgGrad99 said:

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I'm dumb with regards to SS. Educate me.

How exactly does someone receive an overpayment in the first place? Is this an error by the SS Admin, or by the person receiving the funds?

---

First off all applicants are required to fail an intelligence test to be hired. I paid in for over 50 years and started collecting in February 2024. My employer provided insurance ran through 2024 so I needed to add Medicare part B or A whichever it is. I completed the application December 7, 2024 per requirements. I got an email confirmation I was done with that process and would get coverage January 1, 2025. My January payment didn't have the premium deducted so I went to the SS office. They said they had no record I had ever worked in the US. In my hand was my benefit award letter and yearly breakdown of my earnings and SS and Medicare tax payments on SS Administration letter head. They argued this with me so I left and came back another day. It took 4 visits and from January 14 until March 21, 2025 to convince them.

---

Good grief.

And the left wants more of that incompetency.

Going into their office is eye opening.

whatthehey78 said:

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Pichael Thompson said:

---

Just make it optional to participate... if you don't know how to plan for retirement you get to be homeless in your 70s


Why is this so difficult?

---

Hey genius..."planning for retirement" doesn't offset catastrophic loss due to life threatening health threats (Health INSURANCE), meteoric pharmaceutical costs (Again Health INSURANCE), major unforeseen legal events (Please describe what you mean by this?), sudden death of the major wage earner (Life INSURANCE), theft or embezzlement (Like Enron? or do you mean theft from under your mattress), etc.

---

Almost all of these threats can be accounted for with proper planning.

whatthehey78 said:

---

Pichael Thompson said:

---

Just make it optional to participate... if you don't know how to plan for retirement you get to be homeless in your 70s


Why is this so difficult?

---

Hey genius..."planning for retirement" doesn't offset catastrophic loss due to life threatening health threats, meteoric pharmaceutical costs, major unforeseen legal events, sudden death of the major wage earner, theft or embezzlement, etc.

---

Or government theft by other means and prices such as have seen with last admin.

Adding to my anecdotal SS story. In December I got a letter from SS saying they owed me some money and would deposit it later that week. I had that letter in hand when I went in to try to convince them I had paid in over 50 years. No one ever was able to explain it to me.

Back to my Medicare deal. Since they couldn't find any records of my work history, the ending of my employer provided insurance left me uninsured other than the hospitalization part of Medicare January 1 until next week April 1.

I can't believe anyone could possibly be against having a competent group of people looking into the waste, fraud and abuse by our government dunces.

Tom Fox said:

---

whatthehey78 said:

---

Pichael Thompson said:

---

Just make it optional to participate... if you don't know how to plan for retirement you get to be homeless in your 70s


Why is this so difficult?

---

Hey genius..."planning for retirement" doesn't offset catastrophic loss due to life threatening health threats (Health INSURANCE), meteoric pharmaceutical costs (Again Health INSURANCE), major unforeseen legal events (Please describe what you mean by this?), sudden death of the major wage earner (Life INSURANCE), theft or embezzlement (Like Enron? or do you mean theft from under your mattress), etc.

---

Almost all of these threats can be accounted for with proper planning.

---

Then you have no concept of "catastrophic". Serious, i.e., major medical expenses are astronomical and beyond 95% of the general publics ability to pay. Try doing so if unemployed at the same time. In those instances "financial planning" becomes a sad joke. Reality...try it!

whatthehey78 said:

---

Tom Fox said:

---

whatthehey78 said:

---

Pichael Thompson said:

---

Just make it optional to participate... if you don't know how to plan for retirement you get to be homeless in your 70s


Why is this so difficult?

---

Hey genius..."planning for retirement" doesn't offset catastrophic loss due to life threatening health threats (Health INSURANCE), meteoric pharmaceutical costs (Again Health INSURANCE), major unforeseen legal events (Please describe what you mean by this?), sudden death of the major wage earner (Life INSURANCE), theft or embezzlement (Like Enron? or do you mean theft from under your mattress), etc.

---

Almost all of these threats can be accounted for with proper planning.

---

Then you have no concept of "catastrophic". Serious, i.e., major medical expenses are astronomical and beyond 95% of the general publics ability to pay. Try doing so if unemployed at the same time. In those instances "financial planning" becomes a sad joke. Reality...try it!

---

I have a 95/5 PPO with a $500 deductible. My max out of pocket is $5K. And I have $3 mil in life insurance until age 75.

What illness is going to bankrupt me?

You can and should protect yourself. That is not the governments job, but yours.

Tom Fox said:

---

whatthehey78 said:

---

Tom Fox said:

---

whatthehey78 said:

---

Pichael Thompson said:

---

Just make it optional to participate... if you don't know how to plan for retirement you get to be homeless in your 70s


Why is this so difficult?

---

Hey genius..."planning for retirement" doesn't offset catastrophic loss due to life threatening health threats (Health INSURANCE), meteoric pharmaceutical costs (Again Health INSURANCE), major unforeseen legal events (Please describe what you mean by this?), sudden death of the major wage earner (Life INSURANCE), theft or embezzlement (Like Enron? or do you mean theft from under your mattress), etc.

---

Almost all of these threats can be accounted for with proper planning.

---

Then you have no concept of "catastrophic". Serious, i.e., major medical expenses are astronomical and beyond 95% of the general publics ability to pay. Try doing so if unemployed at the same time. In those instances "financial planning" becomes a sad joke. Reality...try it!

---

I have a 95/5 PPO with a $500 deductible. My max out of pocket is $5K. And I have $3 mil in life insurance until age 75.

What illness is going to bankrupt me?

You can and should protect yourself. That is not the governments job, but yours.

---

And if your med ins refuses to cover all of the procedures or total costs that were insisted by and performed by your doctors...they won't magically go away. The uncovered balance is your baby. Second, what if you outlive your life ins policy. Not an uncommon occurrence today, especially at 75 yrs. Try replacing it when you reach 75 and have existing health issues. Sorry, you're not as covered as you imagine.

I do agree, it is not the govt's job...but compassionate leaders do not turn their backs to the elderly.

whatthehey78 said:

---

Tom Fox said:

---

whatthehey78 said:

---

Tom Fox said:

---

whatthehey78 said:

---

Pichael Thompson said:

---

Just make it optional to participate... if you don't know how to plan for retirement you get to be homeless in your 70s


Why is this so difficult?

---

Hey genius..."planning for retirement" doesn't offset catastrophic loss due to life threatening health threats (Health INSURANCE), meteoric pharmaceutical costs (Again Health INSURANCE), major unforeseen legal events (Please describe what you mean by this?), sudden death of the major wage earner (Life INSURANCE), theft or embezzlement (Like Enron? or do you mean theft from under your mattress), etc.

---

Almost all of these threats can be accounted for with proper planning.

---

Then you have no concept of "catastrophic". Serious, i.e., major medical expenses are astronomical and beyond 95% of the general publics ability to pay. Try doing so if unemployed at the same time. In those instances "financial planning" becomes a sad joke. Reality...try it!

---

I have a 95/5 PPO with a $500 deductible. My max out of pocket is $5K. And I have $3 mil in life insurance until age 75.

What illness is going to bankrupt me?

You can and should protect yourself. That is not the governments job, but yours.

---

And if your med ins refuses to cover all of the procedures or total costs that were insisted by and performed by your doctors...they won't magically go away. The uncovered balance is your baby. Second, what if you outlive your life ins policy. Not an uncommon occurrence today, especially at 75 yrs. Try replacing it when you reach 75 and have existing health issues. Sorry, you're not as covered as you imagine.

I do agree, it is not the govt's job...but compassionate leaders do not turn their backs to the elderly.

---

My insurance almost always covers everything completely. If I am stuck with a six figure bill after insurance which is highly unlikely, I have budgeted for that. And when I am old, There is this thing called Medicare and supplements. I think I'll be ok.

And right now I pay over $30k annually just for health insurance. Money talks.

If everyone planned and saved for these issues, they would be ok. And I didn't make any real money until 45. It is doable at any age.

Tom Fox said:

---

whatthehey78 said:

---

Tom Fox said:

---

whatthehey78 said:

---

Tom Fox said:

---

whatthehey78 said:

---

Pichael Thompson said:

---

Just make it optional to participate... if you don't know how to plan for retirement you get to be homeless in your 70s


Why is this so difficult?

---

Hey genius..."planning for retirement" doesn't offset catastrophic loss due to life threatening health threats (Health INSURANCE), meteoric pharmaceutical costs (Again Health INSURANCE), major unforeseen legal events (Please describe what you mean by this?), sudden death of the major wage earner (Life INSURANCE), theft or embezzlement (Like Enron? or do you mean theft from under your mattress), etc.

---

Almost all of these threats can be accounted for with proper planning.

---

Then you have no concept of "catastrophic". Serious, i.e., major medical expenses are astronomical and beyond 95% of the general publics ability to pay. Try doing so if unemployed at the same time. In those instances "financial planning" becomes a sad joke. Reality...try it!

---

I have a 95/5 PPO with a $500 deductible. My max out of pocket is $5K. And I have $3 mil in life insurance until age 75.

What illness is going to bankrupt me?

You can and should protect yourself. That is not the governments job, but yours.

---

And if your med ins refuses to cover all of the procedures or total costs that were insisted by and performed by your doctors...they won't magically go away. The uncovered balance is your baby. Second, what if you outlive your life ins policy. Not an uncommon occurrence today, especially at 75 yrs. Try replacing it when you reach 75 and have existing health issues. Sorry, you're not as covered as you imagine.

I do agree, it is not the govt's job...but compassionate leaders do not turn their backs to the elderly.

---

My insurance almost always covers everything completely. If I am stuck with a six figure bill after insurance which is highly unlikely, I have budgeted for that. And when I am old, There is this thing called Medicare and supplements. I think I'll be ok.

And right now I pay over $30k annually just for health insurance. Money talks.

If everyone planned and saved for these issues, they would be ok. And I didn't make any real money until 45. It is doable at any age.

---

Guess what dude, Medicare and supplements don't cover everything. Good luck with your plan and maybe you won't outlive your life ins. Little things like inflation will require you to re-calculate your contributions often...hope your job doesn't disappear and your salary keeps pace.

whatthehey78 said:

---

Tom Fox said:

---

whatthehey78 said:

---

Tom Fox said:

---

whatthehey78 said:

---

Tom Fox said:

---

whatthehey78 said:

---

Pichael Thompson said:

---

Just make it optional to participate... if you don't know how to plan for retirement you get to be homeless in your 70s


Why is this so difficult?

---

Hey genius..."planning for retirement" doesn't offset catastrophic loss due to life threatening health threats (Health INSURANCE), meteoric pharmaceutical costs (Again Health INSURANCE), major unforeseen legal events (Please describe what you mean by this?), sudden death of the major wage earner (Life INSURANCE), theft or embezzlement (Like Enron? or do you mean theft from under your mattress), etc.

---

Almost all of these threats can be accounted for with proper planning.

---

Then you have no concept of "catastrophic". Serious, i.e., major medical expenses are astronomical and beyond 95% of the general publics ability to pay. Try doing so if unemployed at the same time. In those instances "financial planning" becomes a sad joke. Reality...try it!

---

I have a 95/5 PPO with a $500 deductible. My max out of pocket is $5K. And I have $3 mil in life insurance until age 75.

What illness is going to bankrupt me?

You can and should protect yourself. That is not the governments job, but yours.

---

And if your med ins refuses to cover all of the procedures or total costs that were insisted by and performed by your doctors...they won't magically go away. The uncovered balance is your baby. Second, what if you outlive your life ins policy. Not an uncommon occurrence today, especially at 75 yrs. Try replacing it when you reach 75 and have existing health issues. Sorry, you're not as covered as you imagine.

I do agree, it is not the govt's job...but compassionate leaders do not turn their backs to the elderly.

---

My insurance almost always covers everything completely. If I am stuck with a six figure bill after insurance which is highly unlikely, I have budgeted for that. And when I am old, There is this thing called Medicare and supplements. I think I'll be ok.

And right now I pay over $30k annually just for health insurance. Money talks.

If everyone planned and saved for these issues, they would be ok. And I didn't make any real money until 45. It is doable at any age.

---

Guess what dude, Medicare and supplements don't cover everything. Good luck with your plan and maybe you won't outlive your life ins. Little things like inflation will require you to re-calculate your contributions often...hope your job doesn't disappear and your salary keeps pace.

---

I own my own law firm. Thanks for your concern.

There should be a law requiring 10 years of commercial world experience before applying for a government or government adjacent job like a contractor imo