Wednesday, June 15, 2011

Social Security Overpaid $6.5 Billion

New York Times / AP

The Social Security Administration made $6.5 billion in overpayments to people not entitled to receive them in 2009, including $4 billion under a supplemental income program for the very poor, a government investigator said Tuesday. In all, about 10 percent of the payments made by the agency’s Supplemental Security Income program were improper, said Patrick P. O’Carroll Jr., the inspector general for Social Security. He told a Congressional panel that most of the overpayments went to people who did not report all their assets. Error rates were much smaller for retirement, survivor and disability benefits, which make up the overwhelming majority of Social Security payments, he said.