Search Results for keywords:"Bipartisan Budget Act of 2015"

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Search Results: keywords:"Bipartisan Budget Act of 2015"

  • Type:Notice
    Citation:90 FR 2758
    Reading Time:about a minute or two

    The Railroad Retirement Board announced the 2025 annual adjustments to civil monetary penalties due to inflation, as required by the Federal Civil Penalties Inflation Adjustment Act Improvements Act of 2015. The adjustments are based on the Consumer Price Index (CPI-U) increase of 1.02598% from October 2023 to October 2024. As a result, the maximum penalty under the Program Fraud Civil Remedies Act is now $14,308, while the penalties under the False Claims Act range from $14,308 to $28,618. These changes take effect on January 13, 2025.

    Simple Explanation

    In 2025, because prices went up, the Railroad Retirement Board has to make some penalties a bit bigger. So, if someone breaks a rule, they might have to pay more money to make up for it.

  • Type:Rule
    Citation:89 FR 107236
    Reading Time:about 2 hours

    The Social Security Administration has issued a final rule, effective March 3, 2025, to streamline the administration of benefits by using electronic payroll data. This rule allows standardized exchanges of wage and employment information with payroll providers, aiding in the management of Old-Age, Survivors, and Disability Insurance (OASDI) and Supplemental Security Income (SSI) programs. It aims to improve accuracy, reduce improper payments, and lessen the burden on both program beneficiaries and administration staff. Public comments have been considered, and the rule includes provisions for phased implementation, privacy, data accuracy, and addressing concerns regarding identity theft and reporting requirements.

    Simple Explanation

    The Social Security Administration wants to use computers to check people's job and payment info more quickly to make sure everyone gets the right amount of money. They are promising to keep our information safe and make the process easier for people.

  • Type:Notice
    Citation:86 FR 2005
    Reading Time:about a minute or two

    The Railroad Retirement Board has announced updates to the fines for civil penalties to adjust for inflation, as mandated by a law from 2015. These adjustments are based on a calculation that compares changes in the Consumer Price Index (CPI-U) over the past year. For 2021, this resulted in an approximate 1.01% increase in penalties, which means certain fines under acts like the Program Fraud Civil Remedies Act and the False Claims Act have increased slightly. These changes take effect from January 11, 2021.

    Simple Explanation

    The Railroad Retirement Board makes sure that fines keep up with price changes so they stay fair, and this year they made some fines a tiny bit higher. They did this by looking at how money values changed from last year, kind of like when prices at the store go up.