Social Security has become a source of frustration for retirees due to accidental overpayments. Ellen, a Virginia resident, recently received a $914 overpayment notice despite her benefits being reduced to less than $850. The agency has overpaid billions of dollars, leading to legal disputes and demands for repayment. Some retirees have received over $4,000 in overpayment notices, leaving them financially distressed.
Social Security beneficiaries born between the 21st and 31st of any month will receive their monthly payments on Wednesday. Retirees, individuals with disabilities, and survivors of deceased claimants are eligible for benefits. The maximum payment amount is $4,873, but most will receive less. SSI recipients, which includes individuals with disability and retirees with low income, typically receive lower payments.
