From Newsweek:
In February, the federal government’s Office of Personnel Management advised federal government agencies, including the Social Security Administration (SSA), to submit “reorganization plans” by March 13 and prepare for “reductions in force.” The changes have sparked concerns about the future of benefit payments, as prominent former workers at the SSA and lawmakers warn that the system, which paid out $1.5 trillion in benefits in 2024, could collapse without the staff to make it function.
“Ultimately, you’re going to see the system collapse and an interruption of benefits,” Martin O’Malley, former SSA commissioner in the Biden administration, said last week. “I believe you will see that within the next 30 to 90 days.”