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Social Security's Massive "Record Clean-up" - 247wallst.com
With reports of corrections to tens of millions of records, the Social Security Administration recently labeled its recent record clean-up process the “largest record cleanup in the agency’s 91-year history.” The addition of missing death dates was one area of focus in this records management process.
Death dates are a critical aspect of the benefit payment process, so having correct information in the database is critical to clearing out waste , fraud , and abuse in the system. But, although the odds are small, errors can still occur, and the result (e.g., interruption of benefit payments) can be devastating. A 247wallst.com post by veteran financial journalist Gerelyn Terzo sheds light on how errors can affect payments, and offers guidance on how to respond when affected. Check it out here.
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