Some Seniors Affected by the Social Security Fairness Act Could Be Getting Short-Changed. How to Know if You're One of Them.
If you're on Social Security, you may have heard that 3.2 million Americans are due a benefit increase thanks to the passage of the Social Security Fairness Act. This law removed a key provision that had restricted benefits for those who receive a pension from employers that don't pay into Social Security. It also eliminated a rule that restricted benefits to spouses of these workers.The law was retroactive to January 2024, meaning many of the affected beneficiaries are entitled to back pay as well as a benefit increase. The Social Security Administration is still in the process of making the necessary adjustments. Most affected seniors won't experience any issues during the transition. However, a small group of affected beneficiaries could run into a frustrating issue that might leave them with less than they expected.Image source: Getty Images.Continue reading
If you're on Social Security, you may have heard that 3.2 million Americans are due a benefit increase thanks to the passage of the Social Security Fairness Act. This law removed a key provision that had restricted benefits for those who receive a pension from employers that don't pay into Social Security. It also eliminated a rule that restricted benefits to spouses of these workers.
The law was retroactive to January 2024, meaning many of the affected beneficiaries are entitled to back pay as well as a benefit increase. The Social Security Administration is still in the process of making the necessary adjustments. Most affected seniors won't experience any issues during the transition. However, a small group of affected beneficiaries could run into a frustrating issue that might leave them with less than they expected.
Image source: Getty Images.
