The Social Security Administration said they have asked the Treasury Department to stop collecting debts ten years and older, pending a review. According to statistics from the SSA, they said between Fiscal Years (FY) 2008 – 2012 they paid approximately $2.9 trillion to retirement and survivors beneficiaries. Of that amount, $4.7 billion, or 0.16 percent was estimated to have been overpaid.
SSA estimates $6.6 billion of the $597.8 billion in payments made to disability insurance program beneficiaries was overpaid.
If any Social Security or Supplemental Security Income beneficiary believes they have been incorrectly assessed with an overpayment under this program, SSA encourages them to request an explanation or seek options to resolve the overpayment: http://www.socialsecurity.gov/agency/contact/Copyright 2014 KLTV. All rights reserved.
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