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Social Security checks for some Americans to be reduced by 50%
Starting in July, the federal agency will start withholding 50% of a person’s check if they’ve received an overpayment of their benefits. The withholding, officially part of what’s known as the Treasury Offset Program, will remain until the extra benefits are repaid.
Social Security: Why your check may be a bit smaller in July
Regular Social Security retirement benefits for the month of July will be sent out on the SSA’s usual schedule: Wednesday, July 9: Birth dates between the first and 10th of the month. Wednesday, July 16: Birth dates between the 11th and 20th of the month. Wednesday, July 23: Birth dates between the 21st and 31st of the month.
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Dear Quentin, I am contemplating retiring at the end of the year. I’m married and will receive two monthly pension payments; ...
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