Donald Trump's administration to roll out social security payments; Here's all about the eligibility criteria & overpayment penalty
United States residents can be eligible for social security benefits if they're a permanent resident for at least five years, have paid payroll taxes through a qualified job for 10 years, and are at least 62 years of age.
Social security is a strong pillar of America's social safety net, with the scheme being particularly valued by elderly American citizens and their families and people with disabilities who are unable to work for whatever reason.
Overpayments might become an issue as social security payments begin
With the stark warnings issued by the Social Security Administration, overpayments are likely to become a bigger issue going forward. Social security payments are set to start coming in on July 23, with the payments going towards retirement, spousal and survivor benefits for people whose birthdays are between the 21st to 31st of any month.
This is so cruel. A Chicago couple was stunned to learn they owed Social Security $51,887 and were expected to pay it back in 30 days.The reason? Social Security mistakenly overpaid them.@andersoncooper reports pic.twitter.com/WlRaI9y03n
Per the SSA's payment calendar, however, some recipients may actually receive their payments on August 1 instead. Social security overpayments can be traced back to many reasons, such as the SSA making an error when calculating someone's benefits, or a recipient receiving a change in income and not reporting it.
How to handle an overpayment notification
Social security beneficiaries who have received an overpayment notification can rectify the situation by repaying the overpaid amount via credit card, check, or an online bill payment. Beneficiaries who do not want to, or are unable to return the overpaid amount can instead apply for a waiver on the SSA website.
Some Social Security recipients could experience a payment garnishment as an agency clawback policy on previous overpayments doled out to seniors goes into effect later in July.The Social Security Admin (SSA) updated the overpayment garnishment rate in April to 50%. In some… pic.twitter.com/S1qMNGpMto
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Time of India
an hour ago
- Time of India
2,250 more staff to be recruited to ensure steady power supply
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The Print
an hour ago
- The Print
No duty concessions to US on agri, dairy, GM foods: An explainer
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Hindustan Times
an hour ago
- Hindustan Times
US man laments decline of local shops in America, praises Europe's walkable street culture. Video
A US-based content creator named Adam, known as 'trvlking' on Instagram, has sparked an online discussion after posting a video lamenting the disappearance of locally-owned shops in America. In a viral video, a US man lamented the decline of mom-and-pop shops in America.(Instagram/trvlking) (Also read: 'Magnets abroad feel stronger': Indian man in Sweden on why NRIs don't return) In the video, Adam remarks, 'America has lost the art of the mom-and-pop shop. In America, when you want coffee, you go to Starbucks. If you want art supplies, you go to Walmart. If you want fruit and vegetables, you probably also go to Walmart. But here in Europe and other places too, you have these small locally-owned shops for almost anything you can think of.' Europe's walkable variety, America's corporate sprawl He walks through a street, pointing to different niche shops — 'Fruit and vegetables here. A store for everything plastic. And your local coffee shop.' He adds, 'The craziest part is that almost all of these things are usually within a 10 or 15-minute walk. The American mind cannot comprehend this.' Take a look here at the clip: Caption fuels nostalgia for lost neighbourhood culture In the caption of his post, Adam expands on his sentiment: 'America has lost the art of the mom and pop shop. I love being able to walk five minutes to a little store that sells exactly what I'm looking for, and being greeted by a nice person who's been running the store for probably 40 years. It just adds depth to your life that you can't get when your main place of shopping is Walmart.' Internet reacts Though the video has attracted nearly 4,000 views and several reactions. One user recalled, 'I remember thinking the exact same thing when I visited England for the first time. I saw a speaker music store, a vacuum shop, and a tailor all on the same street.' Another pointed the finger at big companies, saying, 'Corporations are 100 percent to blame.' One user simply wrote, 'It's called community. America, unfortunately, has lost its value and respect for community.' Another added, 'True. America talks a big game on small business, but small businesses get short confession.' A commenter shared, 'I already left and I don't plan on ever going back!' to which Adam replied with a brief, 'Nice.'
