The Social Security Fairness Act will boost benefits for over 3 million individuals by eliminating provisions that previously reduced benefits for those with pensions from non-Social Security covered jobs. However, the Social Security Administration warns that affected beneficiaries may have to wait over a year to receive the increased payments, which will vary depending on individual circumstances.
The Social Security Fairness Act will provide benefit increases to more than 3 million individuals.
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 PENSIONS LEGISLATION RETROACTIVE PAYMENTS
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