The Social Security Administration (SSA) is a U.S. federal government agency established in 1935. It is a state-owned entity with approximately 60,000 employees and headquarters in the United States. The SSA's primary function is the administration of the Social Security program, a system of social insurance and retirement benefits for U.S. citizens.
The Social Security Administration announced a 2.5% COLA for 2025, the lowest increase since 2021. On October 15, 2024, the Administration will announce the cost-of-living adjustment for 2025; initial estimates projected a 2.7% raise. The Administration also announced the elimination of paper checks by September 30, 2025, offering two electronic payment options to retirees. Additionally, Commissioner Frank Bisignano stated that raising the retirement age is under consideration to address Social Security's finances. A reminder to prepare for the electronic payment transition was issued on September 19, 2025.
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