Social Security Updates Quiz

What is the main reason for staying informed about Social Security updates in May?

• To plan vacations

• To adjust your budget and check deposit dates

• To apply for new benefits

• To change your bank account

When will SSI recipients receive their payment in May 2025?

• May 2nd

• May 21st

• May 1st

• May 14th

For those whose Social Security benefits started after May 1997, when is the payment date if their birthday is between the 11th and 20th?

• May 30th

• May 28th

• May 21st

• May 14th

What significant change does the Social Security Fairness Act bring?

• Introduction of new benefits

• Repeal of WEP and GPO

• Reduction in monthly payments

• Increase in retirement age

How much has the SSA issued in back payments due to the Social Security Fairness Act?

• $7.5 billion

• $5 billion

• $12 billion

• $10 billion

What is the new policy regarding overpayment recovery by the SSA?

• Recovery only after 6 months

• 10% cap on recovery

• 100% withholding of monthly checks

• No recovery allowed

How can you update your direct deposit information as of April 14th?

• Through a mobile app

• Via email

• Online or in person

• By phone

Who is leading the modernization efforts of the SSA?

• Mark Zuckerberg

• Jeff Bezos

• Bill Gates

• Elon Musk

What is the expected annual savings from the SSA modernization efforts?

• $500 million

• $800 million

• $1.5 billion

• $1 billion

What resumed on May 5th that affects Social Security benefits for borrowers in default?

• Healthcare subsidies

• Tax audits

• Student loan collections

• New benefit applications