Seniors Could Get $495 Check Under New Proposal

By Aliss Higham

A new proposal from a leading senior citizens group suggests that Social Security beneficiaries could receive checks worth just shy of $500 from money made by repaid overpayments.

Why It Matters

The Social Security Administration (SSA) pays out billions in various types of benefits every month to nearly 70 million recipients, helping form the bedrock of income for retirees, survivors, and disabled Americans across the country.

What To Know

According to an analysis by The Senior Citizens League (TSCL), the federal government could send seniors a dividend check worth $495 if it recovered its entire overpaid benefits balance in a typical year.

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