The Social Security Administration is Reducing Its Spending—Here's How It Will Affect Your Benefits
KEY TAKEAWAYS The Social Security Administration plans to cut or avoid spending $800 million this fiscal year and plans to reduce its workforce by more than 12%.Experts said these budget cuts could make it harder for beneficiaries to contact Social Security and could disrupt benefits.
How Social Security Cuts Could Impact Benefit Payments
The changes have sparked concerns about the future of benefit payments, as prominent former workers at the SSA and lawmakers warn that the system, which paid out $1.5 trillion in benefits in 2024, could collapse without the staff to make it function.
Social Security scraps far-reaching cuts to phone services after Post report
The agency will move ahead with a much narrower change eliminating direct deposit changes by phone amid DOGE fraud concerns.
Social Security Administration to cut phone service for direct-deposit transactions
The Social Security Administration said Wednesday it is eliminating telephone service for direct-deposit account transactions. The agency said the move is meant to eliminate the risk of fraud associated with changing bank-account information by telephone.
DOGE Pushes Social Security Administration to Cut Off Phone Service: Report
SSA officials are weighing eliminating telephone support for claims processing and direct-deposit account transactions.
Social Security Considers Slashing Phone Help to Cut Costs—Report
In fiscal year 2024, the Social Security Administration received nearly 80 million calls through its 1-800 number.
Social Security Administration weighs cutting phone support for claims, deposits: report
Sources said the agency would direct seniors and disabled individuals to online services and in-person field offices.
Elon Musk and Social Security: Billionaire continues to focus on SSA in cost-cutting talks
Elon Musk commented on Social Security in a Monday interview with Fox Business' Larry Kudlow, continuing to spread ...
WNCT Greenville on MSN15h
Congressman Murphy issues statement on SSA Office closures
North Carolina Congressman Greg Murphy issued a statement on the closures of Social Security Offices in the Third District ...
DOGE cuts = longer waits, other issues: Reducing SSA staff has consequences
Around 10,000 people a day are retiring and signing up for Social Security benefits, which is expected to continue for ...
EcoPortal.net1d
SSA to suspend payments in 90 days? Here’s how it will affect you
An SSA official has issued a warning about a potential suspension of benefits due to internal chaos caused by Elon Musk and ...
FedScoop13h
GOP lawmakers brush back inquiries on DOGE access to Treasury, SSA systems
House Ways and Means Republicans shot down a pair of resolutions from Democrats seeking information on the Elon Musk-led ...
Federal News Network12d
SSA wants to reduce workforce by 7,000 through VERA/VSIP
The Social Security Administration is offering up to $25,000 to employees as part of a voluntary separation payment ...
NOLA.com1d
The winner of the Pearl River-SSA district showdown reeled off 8 straight runs
Pearl River, which is counting on 10 freshmen to contribute, could have folded, but the Rebels reeled off eight straight runs ...
Overpayments: SSA returns to withholding 100% of check
The Social Security Administration announced Friday it is changing how it will recoup overpayments. The SSA said it will ...
Social Security Overpayment Recovery Rate 2025: How much could the SSA claim from your checks in case of overpayment?
The Social Security Administration (SSA) is moving forward with a controversial policy to fully reclaim overpaid benefits from recipients - even if it means taking 100% of their mo ...
MiBolsilloColombia on MSN13h
Changes to the SSA policy on overpayment recovery that you should know
In a controversial move, the Social Security Administration has reversed a policy aimed at protecting beneficiaries from ...