Month: March 2025
Social Security to Reinstate Overpayment Recovery Rate
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The Social Security Administration (SSA) announced it will increase the default overpayment withholding rate for Social Security beneficiaries to 100 percent of a person’s monthly benefit. The Office of the Chief Actuary estimates this change will result in an increase in overpayment recoveries (i.e., a program savings) of about $7 billion in the next decade. […]
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Social Security and OIG Partner for National Slam the Scam Day
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The Social Security Administration (SSA) and its Office of the Inspector General (OIG) join forces once again to raise public awareness about Social Security imposter scams during the sixth annual “Slam the Scam” Day on March 6. Social Security related scams–where fraudsters mislead victims into sharing personal information, or making cash, wire transfer, or […]
Continue reading "Social Security and OIG Partner for National Slam the Scam Day" → Social Security Addressing Aged Records
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The Social Security Administration (SSA) today shared its significant progress in identifying and correcting beneficiary records of people 100 years old or older. The data reported in the media represent people who do not have a date of death associated with their record. While these people may not be receiving benefits, it is important for […]
Continue reading "Social Security Addressing Aged Records" → Social Security Pays Billions of Dollars in Retroactive Payments
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The Social Security Administration (SSA) today shared its significant progress to quickly implement the Social Security Fairness Act. Through March 4, 2025, SSA has already paid 1,127,723 people more than $7.5 billion in retroactive payments. The retroactive payments are the result of the repeal of the Windfall Elimination Provision (WEP) and Government Pension Offset (GPO). […]
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