Social Security Administration News 2024 Download. Social security benefits and supplemental security income (ssi) payments for more than 71 million americans will increase by 3.2% in 2024. The social security administration announced it will decrease the default overpayment withholding rate for social security beneficiaries to ten percent (or $10, whichever is greater).

There’s still room for that number to wiggle as we await third quarter inflation data,. Social security administration announces new efforts to simplify ssi applications.