Anonymous wrote:
Anonymous wrote:I simply cannot believe that any politicians we h in my wants to be reelected is going to vote for cutting SS or Medicare because these are mandatory deductions from paychecks.
This is political suicide.
IG Reports: Nearly $72 Billion Improperly Paid; Recommended Improvements Go Unimplemented
August 19, 2024
$23 billion remains unrecovered
Through several audits, Social Security Administration’s Office of the Inspector General made dozens of recommendations for the Agency to prevent improper payments before they occur as well as to detect and correct existing improper payments. However, to date, many of those recommendations remain unimplemented, leading to continued improper payments.
More:
https://oig.ssa.gov/news-releases/2024-08-19-ig-reports-nearly-72-billion-improperly-paid-recommended-improvements-go-unimplemented/
Social Security to Reinstate Overpayment Recovery Rate
March 7, 2025
By Social Security Administration
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.
“We have the significant responsibility to be good stewards of the trust funds for the American people,” said Lee Dudek, Acting Commissioner of Social Security. “It is our duty to revise the overpayment repayment policy back to full withholding, as it was during the Obama administration and first Trump administration, to properly safeguard taxpayer funds.”
More:
https://blog.ssa.gov/social-security-to-reinstate-overpayment-recovery-rate/
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