Published 26 days ago • loading... • Updated 24 days ago

Social Security Fairness Act’s boosted payments may be a year away

The Social Security Fairness Act will provide higher benefits to over 3 million Americans, as signed into law by former President Joe Biden on January 5.
Despite the benefits boost, recipients may face a wait of over a year to see the increased payments due to current budget constraints at the Social Security Administration.
The Act repealed provisions that reduced benefits for public sector workers, with average monthly increases projected at $360 and $700 for different groups affected.
The Social Security Administration is assessing how to implement the changes while managing increased workloads and delays for all customers.

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CNBC

Over 3 million Social Security Fairness Act beneficiaries may wait more than a year for higher payments, agency says

The Social Security Fairness Act will provide benefit increases to more than 3 million individuals. But it's uncertain when they will see that money.

25 days ago·United States

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The US Sun

New Social Security rule has millions waiting 'over a year' for higher payments

A RECENTLY passed Social Security law will grant higher benefits to over three million Americans. However, despite addressing a decades-old disparity in payments, recipients may face a wait of over a year to see the benefits boost promised by the Social Security Fairness Act. Over 3.2 million Americans will see higher benefits thanks to the recently passed Social Security Fairness Act (Getty) Americans may face wait times of over a year to see t…

25 days ago

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The Epoch Times

Social Security Payment Boost Delayed by More Than 1 Year for Many Beneficiaries

Social Security recipients anticipating an increase in their benefits under a law passed in the waning days of the Biden administration may need to wait more than a year longer than initially expected to see the higher payments, according to the Social Security Administration (SSA). The legislation, known as the Social Security Fairness Act, was signed into law earlier this month by former President Joe Biden, who said at the signing that many b…

26 days ago·New York, United States

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The Hill

Social Security Fairness Act’s boosted payments may be a year away

Social Security beneficiaries who stood to see a boost in payouts as the result of a law approved earlier this month may have to wait a little longer than expected for higher payments. Under the new law, dubbed the Social Security Fairness Act, lawmakers agreed to repeal two tax rules that reduced benefits for many…

26 days ago·Washington, United States

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PHL17

+10 Reposted by 10 other sources

Beneficiaries under Social Security Fairness Act could be waiting 'more than one year' for adjusted payments, SSA says

(NEXSTAR) – Over 3.2 million Americans are now eligible for new benefits under the recently passed Social Security Fairness Act, but many of them could be waiting for over a year to see their payments. The Social Security Fairness Act, signed into law by former President Joe Biden on Jan. 5, effectively repealed two longstanding provisions: the Windfall Elimination Provision and the Government Pension Offset. These provisions had previously prev…

26 days ago

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