Year one of President Donald Trump's nonconsecutive second term is nearly in the books, and change has been a common theme -- especially when it comes to America's leading retirement program, Social Security .

For example, the Trump administration ended the overpayment and recovery rate of 10% that was set under the previous administration, led by President Joe Biden, during the COVID-19 pandemic. In its place, the Social Security Administration (SSA) installed a 50% clawback rate on the more than 1 million beneficiaries who owed a cumulative $23 billion in overpayments, as of the end of the federal government's fiscal 2023 (Sept. 30, 2023).

President Trump also signed an executive order (EO) in late March ("Modernizing Payments To and From America's Bank Account") that set Sept. 30

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