Social Security fraud is a billion-dollar “industry.” A recent investigation by Investopedia found that the Social Security Administration made almost $8 billion worth of improper payments during the 2019 fiscal year alone. While that does include innocent mistakes, it seems much of the lost money went to criminals engaged in fraudulent activities such as collecting retirement or disability benefits they are not entitled to receive. The problem has become so widespread, the Social Security Administration’s Office of the Inspector General (OIG) has released a video explaining how you can help prevent abuse by reporting fraud. Its main message is that the OIG is committed to detecting and preventing fraud, waste, and abuse, but it depends upon concerned citizens to assist them in this effort. To report cases of suspected fraud, contact the Social Security Administration Fraud Hotline at 1-800-269-0271 or https://oig.ssa.gov/report.
The Seniors Trust is committed to protecting and securing Social Security retirement benefits for America’s seniors. The best way to accomplish this is through passage of the Social Security Expansion Act. This landmark piece of legislation protects the long-term solvency of Social Security system and the financial security of seniors by increasing benefits by $65 a month and instituting a fair COLA.