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Clawback Cruelty to End

We’ve all seen the headlines of the Social Security Administration (SSA) coming in and taking someone’s entire benefit away citing an error made years ago in calculating it. Well, as Tracey Longo writes here, that is no more. The SSA announced in March it is ending “clawback cruelty.” It will no longer intercept 100% of a beneficiary’s monthly benefits if the person failed to respond to a notice of overpayment. The SSA Commissioner Martin O’Malley made the announcement to the Senate Committee on Aging. “We are no longer going to have that clawback cruelty of intercepting 100% of a payment if people do not respond to our notice,” O’Malley said. Instead, the agency said it would use a “much more reasonable” withholding rate of 10% starting on March 25. Read more here.

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