- May 2, 2024
- Posted by: legaleseblogger
- Category: Related News
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## SS Overpayment Change
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The “10% Plan” doesn’t appear to have been designed well as the average beneficiary cannot payback a $10k Overpayment in 60 months. A higher withholding rate, perhaps with interest attached, is worthy of consideration.
Given our culture, five years out, when the beneficiary still owes money on the debt, will likely be asking for “Forgiveness” much like those with college loans have by saying they can’t afford the payback.
When more and more stories of beneficiaries complaining ultimately get picked up by mainstream media, the situation may turn into a Hot Mess, just as the college loan forgiveness stuff did and, is still.
The proposed 10% for SDI overpayments will exhaust the trust funds more rapidly!