Social Security to reduce overpayment clawbacks to 50%, down from 100%
The Social Security Administration is retreating from a recent policy change on the agency recovering overpayments that sparked concerns it could cause financial hardship for tens of thousands of beneficiaries. In an April 25 “emergency message” to Social Security employees, the agency said it is reducing its overpayment clawback rate to 50% from 100%. The…