Social Security raises overpayment withholdings to 100% in attempt to regain funds

The Social Security Administration will begin recouping 100% of overpayments to beneficiaries starting later this month, the agency said Friday.

The agency is reversing a March 2024 move to withhold only 10% of a recipient’s benefits in the event of an overpayment in order to reduce “financial hardship on people with overpayments,” according to a memo from the agency at the time. 

Until the overpayment is made up, recipients of Social Security who have been overpaid will have all their funds withheld. This will begin March 27.

Lee Dudek, the acting commissioner of Social Security, in the notice posted on the agency website, said the agency is required to make up these payments.

“We have the significant responsibility to be good stewards of the trust funds

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