Tips to prevent Social Security overpayments
Social Security overpays its recipients by billions of dollars every year — and then asks for the money back. Here are some ways experts say you can reduce the chances of it happening to you.
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Social Security overpays its recipients by billions of dollars every year — and then asks for the money back. Here are some ways experts say you can reduce the chances of it happening to you.
Each year, about two million people are told they owe the Social Security Administration money because the agency miscalculated their benefits and paid them too much.
Social Security is dipping into its trust fund to pay current retirees, with spending outpacing its revenue from payroll taxes.
The Social Security Administration says it has processed 2.5 million retroactive payments to people previously locked out of retirement benefits.
The Social Security Administration gets about 390,000 calls per day, and the average wait time for those calls as of April was 68 minutes.
Some Social Security recipients are getting three checks deposited into their accounts this month. "CBS Evening News" co-anchor Maurice DuBois spoke to Frank Bisignano, the new commissioner of the agency, about the crucial lifeline that serves tens of millions of Americans.
The comprehensive baby names list in the U.S. is issued annually by the Social Security Administration.
The Social Security Administration said it will now seek to recoup less money from beneficiaries. Advocates say the revised policy is still burdensome.
In recent weeks, Social Security has been plagued by problems related to technology, system errors, and even the marking of living people as dead.
Allianz survey finds that nearly two-thirds of Americans are more worried about running out of money in retirement than they are about dying.
Americans have big financial goals for what they think they'll need for a comfortable retirement, a new survey finds.
The move by the Social Security Administration essentially cancels an immigrant's Social Security number and classifies them as dead.
The average wait time for Social Security calls has doubled in the last six months to 104 minutes.
President Trump's nominee to oversee the Social Security Administration faced lawmakers' questions about his plans for the retirement program.
President Trump's nominee to head the Social Security Administration told lawmakers in a Senate hearing he hasn't considered privatizing it.
Senators asked President Trump's nominee to head the Social Security Administration -- financial technology executive Frank Bisignano -- about customer service wait times, the system's financial condition and the cuts by Elon Musk's team. "CBS Evening News" co-anchor John Dickerson spoke to the former commissioner, Martin O'Malley, about his concerns about what the agency is facing.
At the end of March, social security recipients will no longer be able to verify their identity over the phone and may need to visit a field office in person. The changes come as a federal judge temporarily blocked the Department of Government Efficiency from accessing sensitive records. Democratic Rep. Mike Levin of California joins "America Decides" to discuss how the new requirements could impact his constituents.
The policy could lead to hardship for some elderly Americans, Social Security advocates say. Here's what to know.
The agency said it has so far sent retroactive benefits to more than 1 million people due to the Social Security Fairness Act.
Acting Social Security commissioner Lee Dudek is facing questions from Sen. Elizabeth Warren over his reported actions.
The Social Security Administration is offering payouts to employees who voluntarily resign from the federal agency, ahead of what they warn will be "significant workforce reductions."
The Social Security Fairness Act is adding to the workload of a federal agency already short on staff, it says in urging patience.
Elon Musk says the Department of Government Efficiency has found rampant fraud at the Social Security Administration. But that may not be the case, and an aging computer system could instead be to blame. Wired reporter David Gilbert joins "America Decides" to explain.
Elon Musk has recently made several claims that 150-year-olds are receiving Social Security benefits. So the CBS News Confirmed team looked for evidence of improper payments or potential fraud. CBS News Confirmed executive editor Rhonna Tarrant breaks down what they found.
"In essence, this money has been stolen from all of us for all these years," said an 84-year-old woman whose late husband's Social Security benefits were slashed. "It's not fair."