Social Security benefits to rise, delays expected
The Social Security Administration (SSA) has announced that Social Security benefits for thousands of Americans will increase by up to $1,190 monthly. However, recipients may face delays of up to a year for the new adjustments to be implemented.
What is the Social Security Fairness Act? How does it affect my social security benefits?
For his last term in office former President Joe Biden sign a new social security measure to ehance benefits for millions of Americans.
What you need to know about the Social Security Fairness Act
On January 5, 2025, the Social Security Fairness Act was signed into law, marking a major reform for public sector workers, including firefighters, police officers and teachers. This law eliminates two controversial provisions – the Windfall Elimination Provision (WEP) and the Government Pension Offset (GPO) — providing fairer Social Security benefits to millions.
A New Social Security Law That Will Boost Benefits for 3.2 Million Retirees Comes With an Unwelcome Surprise
The Social Security program is very complex and has many rules regarding who can claim benefits, when they can claim benefits, and how much they can claim. The Social Security Fairness Act eliminated two provisions called the Windfall Elimination Provision (WEP) and Government Pension Offset (GPO).
Public workers waited 40 years for law to boost Social Security. Now, they wait for payout
It took 40 years for Congress to pass a law to boost Social Security for public workers. Now, SSA says they must wait at least a year for the money.
Social Security Fairness Act Retroactive Payments and 2025 Increases Are Delayed
Over three million retirees who worked in the public sector, or are entitled to spousal or surviving spousal benefits, will see delays as the SSA manually adjusts benefits as a result of the Social Security Fairness Act.
The New Social Security Law May Boost Your Benefits—What One Expert Wants You To Know
Investopedia spoke with Isabel Barrow at Edelman Financial Engines to discuss the changes the new Social Security Fairness Law will bring and the impact it could have on retirees.
Social Security Payments: Millions May Not Receive Boost For Over A Year
Callers to the SSA hear a message about the Social Security Fairness Act, intended to reduce long and frustrating wait times for those seeking information on the new law. However, more than 7,000 people per day still choose to wait for a live representative, leading to a backlog that is expected to grow in the coming weeks and months.
Preparing retirees for changes in Social Security Fairness Act
Kathryn McCall, a CFP and financial adviser with CAPTRUST, highlights how individuals previously affected due to shifting from private to public sector roles will now receive fair compensation without pension penalties.
How the Social Security Fairness Act could affect you
Sterling Wealth Management's Sharon Allen and Daly Andersson answer Jana Wiersema's questions about the impact of the new Social Security Fairness Act.
Beneficiaries under Social Security Fairness Act could be waiting ‘more than one year’ for adjusted payments, SSA says
The Social Security Administration, in an update to its website on Friday, said the department does not currently have the ...
Liz Weston: Government pension offset changes to Social Security are coming, but will take time
Those who applied for Social Security and were denied due to government pension offset rule or windfall elimination provision ...