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Time of India
21-07-2025
- Business
- Time of India
Social Security payments worth $5,108 to be rolled out for Americans this week: Who could see up to 50% cut?
The Social Security Administration is distributing the latest batch of payments on July 23, Wednesday this week. For some social security recipients, benefit checks might arrive in a lesser amount in the coming months. Meanwhile, some others may have recently gotten a bump in their benefits. Here's who could see reduced or boosted checks. Tired of too many ads? Remove Ads When will you receive social security payments? Tired of too many ads? Remove Ads SSA taking action on overpayments How to pay back if Social Security overpaid you? Tired of too many ads? Remove Ads How to qualify for social security The first round of Social Security payments will be made available to beneficiaries across the US this week. In April, the Social Security Administration (SSA) announced it would begin notifying recipients who previously received sending out overpayment notices, the SSA would allow 90 days for recipients to seek a waiver or lower repayment rate. Then, the agency would begin withholding 50% of recipients' benefits until the overpayment is repaid (after approximately July 24, at the earliest), reports USA than 70 million Americans receive monthly benefits under SSA which provides essential financial support to retirees, people with disabilities and the survivors of deceased workers. Most recipients receive their payments as a single lump sum each month. However, because of the large number of beneficiaries, the distribution of benefits is staggered and not all payments are made on the same beneficiaries are set to receive payments on July 23, while the next payment date after that falls on August 1, as per the SSA payment July 23, retirement, spousal and survivor benefits will be paid to beneficiaries with a birthday falling between the 21st and 31st of any given calendar month, according to some recipients are scheduled to receive their next payment on July 23, the next payment date will fall on August 1, according to the SSA Payment there might be others who would have noticed an increase in their benefits, which is a result of the Social Security Fairness Act . The act has been introduced for the public sector workers who suffered a reduction in their benefits in the of July 7, SSA claimed that it had processed over 3.1 million payments to the rightful recipients of the retroactive payment social security beneficiaries who have been overpaid could have their monthly benefits cut in half beginning in late July. Overpayments can happen when the SSA incorrectly calculates a person's benefits, for example, or a beneficiary fails to update a change in income. Social Security beneficiaries who have been overpaid in previous payments will face a 50% cut in their monthly benefit checks starting late SSA has paid about $17 billion to those the SSA pays benefits the month after they are due, some recipients may see the change in their benefit amount in the August 2025 payment, the agency said. Since the act became law on Jan. 5, 2025, the agency has received more than 278,000 new claims from people with pensions from work not covered by Social Security and has processed 92% of these, the SSA you have gotten a notice from the SSA that you received an overpayment, you can repay the overpayment amount by credit card, online bill pay or check. For more information on repayment of overpaid benefits, visit the SSA can also request a waiver to not repay the overpayment if you believe it was not your fault or if you cannot afford to repay it (or think it is unfair for some other reason), using a form on the SSA Security is a social insurance program originally developed to keep seniors out of poverty and protect Americans who couldn't work. To collect retirement benefits from Social Security, the current eligibility rules require that you:Be a legal, permanent resident of the US for at least five payroll taxes through a qualified job for at least 10 at least 62 years far 2025 has been flush with changes for Social Security recipients, mostly because of the Trump Administration's ongoing overhaul of the federal government. Beneficiaries might expect an increase in their benefit amounts next year—with current predictions setting the annual Cost of Living Adjustment (COLA) at around 2.5 percent. Seniors will also benefit from an upcoming tax break as part of Trump's 'Big, Beautiful bill'.As mandated by a Trump executive order signed earlier this year, all federal disbursements—including Social Security, Supplemental Security Income (SSI), Social Security Disability Insurance (SSDI), vendor payments, and tax refunds—will be distributed electronically after September 30, 2025.
Economic Times
21-07-2025
- Business
- Economic Times
Social Security payments worth $5,108 to be rolled out for Americans this week: Who could see up to 50% cut?
Those social security beneficiaries who have been overpaid could have their monthly benefits cut in half beginning in late July. Synopsis The Social Security Administration is distributing the latest batch of payments on July 23, Wednesday this week. For some social security recipients, benefit checks might arrive in a lesser amount in the coming months. Meanwhile, some others may have recently gotten a bump in their benefits. Here's who could see reduced or boosted checks. The first round of Social Security payments will be made available to beneficiaries across the US this week. In April, the Social Security Administration (SSA) announced it would begin notifying recipients who previously received overpayments. ADVERTISEMENT After sending out overpayment notices, the SSA would allow 90 days for recipients to seek a waiver or lower repayment rate. Then, the agency would begin withholding 50% of recipients' benefits until the overpayment is repaid (after approximately July 24, at the earliest), reports USA Today. More than 70 million Americans receive monthly benefits under SSA which provides essential financial support to retirees, people with disabilities and the survivors of deceased workers. Most recipients receive their payments as a single lump sum each month. However, because of the large number of beneficiaries, the distribution of benefits is staggered and not all payments are made on the same day. ALSO READ: Melania Trump's surprise Instagram announcement backfires as all critics unite in fury and demand one thing Some beneficiaries are set to receive payments on July 23, while the next payment date after that falls on August 1, as per the SSA payment calendar. On July 23, retirement, spousal and survivor benefits will be paid to beneficiaries with a birthday falling between the 21st and 31st of any given calendar month, according to NewsWeek. ADVERTISEMENT While some recipients are scheduled to receive their next payment on July 23, the next payment date will fall on August 1, according to the SSA Payment calendar. While there might be others who would have noticed an increase in their benefits, which is a result of the Social Security Fairness Act. The act has been introduced for the public sector workers who suffered a reduction in their benefits in the past. ADVERTISEMENT As of July 7, SSA claimed that it had processed over 3.1 million payments to the rightful recipients of the retroactive payment adjustments. ALSO READ: Stimulus payments worth $300 to $1,700 to be in bank accounts of Americans in days. Are you eligible and is it taxable? Those social security beneficiaries who have been overpaid could have their monthly benefits cut in half beginning in late July. Overpayments can happen when the SSA incorrectly calculates a person's benefits, for example, or a beneficiary fails to update a change in income. Social Security beneficiaries who have been overpaid in previous payments will face a 50% cut in their monthly benefit checks starting late July. ADVERTISEMENT The SSA has paid about $17 billion to those the SSA pays benefits the month after they are due, some recipients may see the change in their benefit amount in the August 2025 payment, the agency said. Since the act became law on Jan. 5, 2025, the agency has received more than 278,000 new claims from people with pensions from work not covered by Social Security and has processed 92% of these, the SSA said. ALSO READ: Barron Trump 'humiliated' at NYU? Professor, peers make shocking statement about US President's son If you have gotten a notice from the SSA that you received an overpayment, you can repay the overpayment amount by credit card, online bill pay or check. For more information on repayment of overpaid benefits, visit the SSA website. ADVERTISEMENT You can also request a waiver to not repay the overpayment if you believe it was not your fault or if you cannot afford to repay it (or think it is unfair for some other reason), using a form on the SSA Security is a social insurance program originally developed to keep seniors out of poverty and protect Americans who couldn't work. To collect retirement benefits from Social Security, the current eligibility rules require that you:Be a legal, permanent resident of the US for at least five payroll taxes through a qualified job for at least 10 at least 62 years old. ALSO READ: Astronomer CEO Andy Byron's divorce bill revealed following Coldplay kiss cam controversy with HR chief So far 2025 has been flush with changes for Social Security recipients, mostly because of the Trump Administration's ongoing overhaul of the federal government. Beneficiaries might expect an increase in their benefit amounts next year—with current predictions setting the annual Cost of Living Adjustment (COLA) at around 2.5 percent. Seniors will also benefit from an upcoming tax break as part of Trump's 'Big, Beautiful bill'. As mandated by a Trump executive order signed earlier this year, all federal disbursements—including Social Security, Supplemental Security Income (SSI), Social Security Disability Insurance (SSDI), vendor payments, and tax refunds—will be distributed electronically after September 30, 2025. (You can now subscribe to our Economic Times WhatsApp channel) (Catch all the US News, UK News, Canada News, International Breaking News Events, and Latest News Updates on The Economic Times.) Download The Economic Times News App to get Daily International News Updates. NEXT STORY
Hindustan Times
21-07-2025
- Business
- Hindustan Times
Social Security payments on July 23: Who could see up to 50% cut?
The Social Security Administration (SSA) announced in April that it would begin notifying recipients who previously received overpayments. After issuing these notices, the agency allows a 90-day window for beneficiaries to request a waiver or reduced repayment plan, as reported by USA Today. Once that period ends, the SSA will start withholding up to 50% of monthly benefits until the overpaid amount is recovered. The Social Security Administration will notify recipients of overpayments and allow 90 days for waiver requests.(Representative Image: Unsplash ) Some recipients are scheduled to receive their next payment on July 23. The next payment date will fall on August 1, according to the SSA Payment calendar. While there might be others who would have noticed an increase in their benefits, which is a result of the Social Security Fairness Act. The act has been introduced for the public sector workers who suffered a reduction in their benefits in the past. As of July 7, SSA claimed that it had processed over 3.1 million payments to the rightful recipients of the retroactive payment adjustments. Also Read: Social Security payments on July 16: Who will receive up to $5,108 today? Who will face beneficiary cuts and boosts in Social Security checks? Social Security beneficiaries who have been overpaid in previous payments will face a 50% cut in their monthly benefit checks starting late July. With the implementation of the Social Security Fairness Act, public sector workers who did not receive social benefits or whose benefits were reduced because their previous work was not subject to Social Security taxes also began receiving payments as SSA began rolling them out in February. police officers, firefighters, postal workers and public school teachers comprise of the affected recipients list. Since SSA pays benefits the month after they are due, the recipients will see a change in August 2025. Also Read: Alaska Airlines grounds all flights: How many planes are grounded, which airports are hit now? How to return payment if SSA overpays you? In case of receiving notice of overpayment from SSA, one can pay the extra amount via credit card, online bill pay, or check. For further assistance on repayment, visit the SSA website. In a separate scenario, if one believes that the overpayment is justified, it was not their fault, or if they cannot afford to repay at the moment, people are advised to request a waiver via a form available on the SSA website.
Time of India
21-07-2025
- Business
- Time of India
July Social Security boost for teachers, firefighters and more
Hard-earned fairness finally delivered Before, elementary school teachers spent his/her career educating children and paying into Social Security, but watched those benefits shrink once he/she retired with a state pension. The Social Security Fairness Act , which became law in January 2025, fixed that. It repealed two rules, the Windfall Elimination Provision (WEP) and Government Pension Offset (GPO), that unfairly reduced her benefits. Explore courses from Top Institutes in Select a Course Category Product Management Data Science Operations Management Finance Data Science Data Analytics Design Thinking Others CXO Artificial Intelligence Leadership Degree Digital Marketing Public Policy MCA Cybersecurity MBA healthcare Healthcare Project Management PGDM Management others Technology Skills you'll gain: Product Strategy & Competitive Advantage Tactics Product Development Processes & Market Orientations Product Analytics & Data-Driven Decision Making Agile Development, Design Thinking, & Product Leadership Duration: 40 Weeks IIM Kozhikode Professional Certificate in Product Management Starts on Jun 26, 2024 Get Details Skills you'll gain: Product Strategy & Roadmapping User-Centric Product Design Agile Product Development Market Analysis & Product Launch Duration: 24 Weeks Indian School of Business Professional Certificate in Product Management Starts on Jun 26, 2024 Get Details Skills you'll gain: Creating Effective Product Roadmap User Research & Translating it to Product Design Key Metrics via Product Analytics Hand-On Projects Using Cutting Edge Tools Duration: 12 Weeks Indian School of Business ISB Product Management Starts on May 14, 2024 Get Details Also read: Paper checks ending! 500,000 seniors must act fast as social security goes digital this fall Real lives, real boosts Earlier, firefighters, who retired with a smaller-than-expected income due to GPO, recently saw an extra $700–1,190 per month, enough to ease bills and rebuild savings. Janine, a surviving spouse, now receives the full Social Security benefit she was entitled to, reversing a penalty that wiped out most of her income before. Live Events Why this matters Closing long-standing gaps: About 3 million people had seen their benefits reduced. The reversal aims to correct that, though it has added strain on the Social Security trust fund, which could face earlier shortfalls. But it's not instant Some people still haven't seen their full adjustment. The Social Security Administration expects to automate simpler cases, delivering benefits quickly, most recipients saw increases by April. Check if your pension was non-covered by Social Security (WEP/GPO rules applied). Make sure the SSA has your correct banking and mailing info. Look for two letters from SSA: one for the retroactive 'lump sum,' another for your ongoing higher monthly benefit. If you haven't received your payment yet, call SSA at 1‑800‑772‑1213 or use your mySocialSecurity account. Economic Times WhatsApp channel )
Indianapolis Star
21-07-2025
- Business
- Indianapolis Star
Social Security change: Overpaid recipients soon see up to 50% in benefits cut
For some Social Security recipients, benefit checks might arrive in a lesser amount in the coming months. Meanwhile, some others may have recently gotten a bump in their benefits. The Social Security Administration said in April it would begin sending notices to recipients who got overpayments in the past. After sending out overpayment notices, the SSA would allow 90 days for recipients to seek a waiver or lower repayment rate. Then, the agency would begin withholding 50% of recipients' benefits until the overpayment is repaid (after approximately July 24, at the earliest). Some beneficiaries are set to receive payments on July 23, while the next payment date after that falls on Aug. 1, according to the SSA payment calendar. Other recipients, however, might have seen their benefits increase. That's because the Social Security Fairness Act has kicked in for public sector workers whose benefits had been reduced in the past. As of July 7, the SSA said it has processed more than 3.1 million payments to those entitled to the retroactive payment adjustments. No more paper checks: Social Security moving to 100% electronic payments this fall Some Social Security beneficiaries who have been overpaid could have their monthly benefits cut in half beginning in late July. Overpayments can happen when the SSA incorrectly calculates a person's benefits, for example, or a beneficiary fails to update a change in income. Improper payments accounted for less than 1% of the almost $8.6 trillion in benefits paid during fiscal years 2015-2022, according to an August 2024 report from the Social Security Administration's Office of the Inspector General. Of the nearly $72 billion in improper payments – most of which were overpayments – issued during that time, Social Security had collected all but $23 billion as of September 2023, according to the SSA. Also, the SSA began sending retroactive Social Security Fairness Act payments in February to public sector workers who could not get Social Security or had reduced benefits because their past work wasn't subject to Social Security taxes, according to the SSA. Those affected recipients included police officers, firefighters, postal workers and public school teachers. The SSA has paid about $17 billion to those beneficiaries. Earlier this year, the agency said the average amount of the retroactive payment was $6,710. Because the SSA pays benefits the month after they are due, some recipients may see the change in their benefit amount in the August 2025 payment, the agency said. Since the act became law on Jan. 5, 2025, the agency has received more than 278,000 new claims from people with pensions from work not covered by Social Security and has processed 92% of these, the SSA said. For some of those who filed a new claim after Jan. 5, 2025, the SSA "may still be working to process your application," the agency said July 10. If you think you are eligible for Social Security Fairness Act benefit adjustments, you can file a claim at If you have gotten a notice from the SSA that you received an overpayment, you can repay the overpayment amount by credit card, online bill pay or check. For more information on repayment of overpaid benefits, visit the SSA website. You can also request a waiver to not repay the overpayment if you believe it was not your fault or if you cannot afford to repay it (or think it is unfair for some other reason), using a form on the SSA website. Mike Snider is a reporter on USA TODAY's Trending team. You can follow him on Threads, Bluesky, X and email him at mikegsnider & @ & @mikesnider & msnider@
