social Security Administration (SSA) announced that it would initiate a rift on overpence to reverse the previous policy of Biden administration. Officials said this policy change would be about $ 7 billion in the next decade. According to the announcement made on Friday, the plan to increase the restriction rate from 10% will be effective on March 27, and will apply only to “new overbetes”. The administration said that the ban rate for existing beneficiaries with an overbear before March 27 will not change, nor is there a ban on supplementary security income.
What is social security overbear?
When a person receives more payment than him or he is entitled, he is called an overbearing and the Biden administration made a liberal recovery. In many cases, overpense are the mistake of the administration. In March 2024, the Biden administration came with a policy of withdrawal of only 10 percent of the profit of a recipient if it is an incident of overbearing. But now, starting from 27 March, there will be a 100 percent recurrence overbearing for the beneficiaries.
The decision of 10 percent came when the SSA faced a major backlash for its harsh rules about collecting the overbear and many people also lost their homes as their benefits were cut to make an overbearing.
What is stopping 100 percent of the profit?
By starting from March 27, the administration will get 100 percent profit of the benefit of a recipient.
Social security payment came on the radar as President Donald Trump and the head of the Department of Government Efficiency (DOGE), which claimed that the agency had large -scale fraud. Trump told Congress in his speech social Security The system is subject to “shocking levels of disability and potential fraud”. Without producing any evidence, Trump said that his administration was “searching” right now “is listed by the government to investigate the alleged examples of the government to pay social security to the dead Americans who are listed as 160 years of age.
But Trump vowed that his administration would not touch the payment. “I am not going to touch social security, medicare, medicine. Now, we are going to cheat from there,” he said in his Sunday Fox News interview. “We have 250 years old and all, you know, tremendous fraud,” he said
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