- April 26, 2024
- Posted by: legaleseblogger
- Category: Related News
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## Withdrawing SSA Retirement Benefits Claim and Repayment
After submitting a claim for SSA retirement benefits, a new job opportunity with higher pay has arisen, prompting a decision to withdraw the claim at the age of 64. Consequently, the benefits received thus far must be repaid in full.
## Safest Method of Repayment and Clarification of Required Information
In determining the safest approach to repay the benefits, the options of a personal check or a cashier’s check present themselves. Additionally, clarification is sought regarding the Social Security Claim Number specified in the SSA letter, specifically whether it refers to the Social Security Number (SSN) or the long identification number labeled as BNC# on the correspondence.
Using the AI Legalese Decoder can assist in navigating the language and intricacies of SSA communication, ensuring a clear understanding of the repayment process and required documentation. This tool can help decode complex legal terminology and provide guidance on the appropriate steps to follow in repaying the benefits in compliance with SSA regulations.
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****** just grabbed a
>a personal check or cashiers check?
Either of these should be fine.
>Also, the letter from SSA says “make sure to write the Social Security Claim Number on your payment”. What is that? My Social Security Number (SSN) or the the long number BNC# on the letter?
Yes, your SSN is preferred in this situation. They have to know which record to apply the payment to.
You will need to fill out the SSA-521. Call your local office ask them to suspend your benefits so you stop getting paid.
I always recommend cashier checks. Make a copy. It takes ssa a long time to pull the funds even if they process the payment today. I’d your bank account in issue of not having the funds be there in 3-6 months when the funds get pulled regular check works. Put your bnc or ssn on the check memo.