Beneficiaries Archives - DR News - News, Retirement, Finance

Social Security Payment Boost Coming on April 1st for Eligible Beneficiaries

Miami, FL – As the calendar flips to April 1st, 2024, beneficiaries of a specific type of Social Security payment can expect an extra boost in their accounts. While this additional payment is not mandatory for retirees, it serves as a supplemental income to the standard United States retirement checks. This additional payment, known as Supplemental Security Income, offers a maximum of $943 per month, with the average beneficiary receiving around $600. The amount individuals …

Overpayments: Social Security Administration Implements New Repayment Rules to Help Beneficiaries

Washington, D.C. – The Social Security Administration has implemented new rules for collecting overpayments from beneficiaries, aiming to reduce the burden on those affected. Under the new policy, the agency will collect either 10% of a beneficiary’s total monthly benefit or $10, whichever is greater. This change is intended to lessen the impact on individuals facing overpayments due to miscalculations in benefit amounts. Beneficiaries who are currently experiencing overpayment withholding rates higher than 10% are …

Social Security Commissioner O’Malley Implements New Clawback Relief Measures for Beneficiaries

Chicago, Illinois – Social Security Commissioner Martin O’Malley has recently implemented changes aimed at providing immediate relief to individuals facing clawbacks from the Social Security Administration (SSA). Last November, economist Larry Kotlikoff and a collaborator highlighted troubling stories of individuals being contacted by the SSA to repay benefits due to mistaken calculations, some dating back as far as 30 years. To address this issue, O’Malley announced a significant initiative to ensure a fairer system within …

Beneficiaries Born Between 21st and 31st to Receive Social Security Payment Soon

Atlanta, GA – Social Security beneficiaries in Atlanta, Georgia, are eagerly awaiting their upcoming monthly benefits as the Social Security Administration (SSA) has confirmed that the last payment for this month will be delivered soon. Those born between the 21st and 31st of the month are scheduled to receive their payments within the next few hours. Following the completion of these payments, the Social Security payment schedule will reset on the 1st of April. Social …

Social Security Payment Schedule: Important Dates and Maximum Benefits for OASDI Beneficiaries

Miami, Florida – The Social Security Administration (SSA) announced that the last Social Security payment for retired workers, survivors, and disabled individuals in March is set to be mailed on March 27th. Eligible retired workers can receive up to $4,874 in maximum monthly benefits, while survivors and disabled individuals may receive up to $3,653 and $3,822, respectively. The Old Age, Survivors, and Disability Insurance (OASDI) will distribute each Social Security payment in four batches throughout …

Social Security Administration Overpayment Policy Reforms Provide Relief for Beneficiaries in Crisis

Washington, DC – The Social Security Administration (SSA) is revising its policies on recouping benefit overpayments to provide relief to older Americans and individuals with disabilities who have been struggling due to excessive demands for repayment. SSA Commissioner Martin O’Malley revealed these changes during his testimony before a U.S. Senate committee on March 20, addressing the unjust practices that have caused financial distress to innocent beneficiaries. O’Malley emphasized the importance of ending the “clawback cruelty” …

Beneficiaries: March Social Security Payment Schedule Released for 2024

Baltimore, Maryland – The Social Security Administration recently released the March payment schedule, outlining crucial dates for beneficiaries in the United States. This information is significant for recipients to effectively manage their finances and plan ahead. Understanding the payment dates and various beneficiary groups is essential for ensuring economic stability in households. In March, beneficiaries will receive Social Security payments on specific dates to aid in financial planning. Supplemental Security Income payments were issued on …

Beneficiaries Face Changes in Social Security Benefits Starting in 2024

Washington, D.C. – Each year, the Social Security Administration (SSA) makes adjustments that impact benefit payments for millions of Americans. While the cost-of-living adjustment (COLA) usually garners the most attention, other changes are equally crucial for beneficiaries’ financial well-being. In 2024, the COLA for Supplemental Security Income (SSI) recipients will be 3.2%, a significant decrease from the 8.7% increase in 2023. Despite this reduction, the new COLA is still higher than the average increase of …

Social Security Beneficiaries Benefit from AARP’s Payment Calculator Tool

Dallas, Texas – The Social Security Administration will be issuing monthly benefit payments to millions of Americans throughout this month. With the most recent payments made to retired workers and SSDI recipients last Wednesday, more payments are scheduled for March 20th and March 27th. Social Security beneficiaries often face confusion surrounding the varying payment amounts based on different benefit programs and individual circumstances such as full retirement age, work history, type of disability, and special …

Retired Workers and SSDI Beneficiaries Set to Receive Generous Social Security Payments in March

Phoenix, Arizona – As the third round of Social Security payments approaches for retired workers and SSDI beneficiaries born between the 11th and 20th of the month, individuals can expect to receive varying amounts according to their specific circumstances. The Social Security Administration has confirmed that SSDI recipients will receive benefits exceeding $1,500, while retired workers may receive up to $4,873 in their monthly payouts. The significance of Social Security benefits in the United States …