Social Security (SSA) announced it will increase the default overpayment withholding rate for Social Security beneficiaries to 100% of a person’s monthly benefit. This 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%. Learn more: https://blog.ssa.gov/social-security-to-reinstate-overpayment-recovery-rate/
SSA · Social Security to Reinstate Overpayment Recovery Rate | SSAThe 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.