The 2025 Social Security adjustments began with a 2.5% cost-of-living increase and higher income limits for working beneficiaries. Recent updates include the repeal of the Windfall Elimination Provision and Government Pension Offset, resulting in increased payments for many qualifying Americans. Additionally, the overpayment recovery policy was revised, lowering the recovery rate from 100% to 50%. Staying informed about these changes is crucial for recipients, as they can significantly impact financial planning and benefit management.
The Windfall Elimination Provision and Government Pension Offset was repealed, increasing payments for millions of Americans who were eligible to receive retroactive sums.
The overpayment recovery policy was overhauled, reducing the claw back rate from 100% to 50%, providing relief to beneficiaries affected by previous overpayments.
#social-security #financial-benefits #cost-of-living-increase #overpayment-recovery #retirement-planning
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