The Social Security Fairness Act aims to increase benefits for certain individuals affected by previous provisions that reduced payouts based on pension income. While retroactive payments and increased monthly benefits are promised, the Social Security Administration warns that processing could take over a year due to budget constraints. Affected beneficiaries are advised to update their contact information and consider applying for benefits if newly eligible.
However, individuals who are affected may have to wait more than a year before they see the extra money that's due to them from the Social Security Fairness Act, the Social Security Administration said in an
Those provisions reduced benefits for certain workers including state teachers, firefighters and police officers; federal employees who are covered by the Civil Service Retirement System; and individuals who worked under a foreign social security system. The benefit increases "may vary greatly," depending on an individual's type of Social Security benefits and the amount of pension income they receive, according to the Social Security Administration.
The Social Security Administration said it cannot yet provide an estimated timeline for when the benefit adjustments will happen.
SOCIAL SECURITY BENEFITS LEGISLATION RETROACTIVE PAYMENTS DELAY
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