I
^porting
^ople aettina Sc
Earnings
’eople getting Social
Security benefits who work are
required to estimate their
projected earnings as
accurately as possible and to
report the amount to the Social
Security Administration, L.F.
Howell, Social Security
manager in New Bern, North
Carolina, said recently.
Furthermore, people should
revise these estimates, as
necessary, during the course
of the year.
"Excess earnings under the
annual retirement test are the
primary cause of overpay
ments,” Howell said. “More
than one million people were
overpaid in 1983 because of
underestimation or failure to
report their earnings, and total
overpayments, as a result,
amount to more than $1
billion."
"People must file an annual
report of earnings at the end of
the taxabie year. At that time
the amount of benefits due for
the year is figured; if all the
payments that were due have
not been made, the person is
paid the appropriate amount."
"On the other hand," Howell
said, “if the person is found to
have been
amount of the overpayment
wiil be withheld from future
benefits or will have to be
repaid.”
More information about how
work affects Social Security
benefits can be obtained at the
New Bern, North Carolina
Social Security office, located
at 2822 Neuse Boulevard, New
Bern, North Carolina. The
telephone number is 637-4101.
West Craven Highlights, September 27, 1984, Page 3
overpaid, the
Jim Pepper
CityManager/Personal Banker
• ■ ' Vanceboro Office
244-0717
Leon Johnson
Personal Banker
Vanceboro Office
244-0717
Marie F. Whitford
Personal Banker
Vanceboro Office
244-0717
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