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Social Security Watchdog Finds Billions in Overpayments

(By – Anna Sulkin, www.WealthManagement.com)

A recent audit report issued by the Office of the Inspector General (OIG) revealed that Social Security overpaid disability beneficiaries by nearly $17 billion. The purpose of the audit was to study a sample group of 1,532 people receiving disability benefits in October 2003 to determine the amount of overpayments in the Social Security Administration’s (SSA) disability program over a 10-year period. The resulting determination was that nearly half of the nine million people receiving disability benefits were overpaid.  Read more…

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