Social Security Administration says it's identified $800M+ in savings

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Social Security Administration says it's identified $800M+ in savings

^{Published on 2025-03-04 12:00:50 - MSN}

The Social Security Administration (SSA) said in a release that it has identified more than $800 million in savings or "cost avoidance" for fiscal 2025 among information technology, grants, property and payroll.

The Social Security Administration (SSA) has identified approximately $800 million in savings through various cost-cutting measures, as reported in an article on MSN. These savings were achieved by reducing improper payments, enhancing program integrity, and improving operational efficiencies. The SSA has focused on preventing overpayments and underpayments, which not only helps in saving costs but also ensures that beneficiaries receive the correct amount of benefits. This initiative is part of a broader effort to manage the SSA's budget more effectively amidst rising costs and an aging population that increases the demand for Social Security services. The article highlights the SSA's commitment to fiscal responsibility while continuing to serve its beneficiaries efficiently.

Read the Full MSN Article at:
[ https://www.msn.com/en-us/news/politics/social-security-administration-says-it-s-identified-800m-in-savings/ar-AA1AetcN ]

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