WASHINGTON (AP) — More than 3.2 million Social Security recipients who received pensions from their time as teachers, firefighters, police officers and other public service jobs will soon see a boost in their benefits. Most people will receive their one-time retroactive payment by the end of March, and new monthly payments will begin in April, the agency says.
The Social Security Administration announced it would immediately begin processing retroactive payments and will send increased monthly payments to people affected by the Windfall Elimination Provision and Government Pension Offset, which were rescinded in the bipartisan Social Security Fairness Act that former President Joe Biden signed into law last year.
The Windfall Elimination Provision and the Government Pension Offset limited Social Security benefits for recipients if they got retirement payments from other sources, including public retirement programs from a state or local government.
Advocates say the Social Security Fairness Act rights a decades-old disparity, though it also puts a strain on Social Security Trust Funds, which face a looming insolvency crisis.
The annual Social Security and Medicare trustees report released last May said the program’s trust fund will be unable to pay full benefits beginning in 2035. The new law will hasten the program’s insolvency date by about half a year.
“Social Security’s aggressive schedule to start issuing retroactive payments in February and increase monthly benefit payments beginning in April supports President Trump’s priority to implement the Social Security Fairness Act as quickly as possible,” said Lee Dudek, acting commissioner of Social Security in a statement. “The American people deserve to get their due benefits as quickly as possible.”
Beneficiaries from the new law include teachers, firefighters, and police officers across the country and people whose work had been covered by a foreign social security system.
Most people will receive their one-time retroactive payment by the end of March, and new monthly payments will begin in April, which will be deposited into their bank account on record with Social Security, according to a statement from the Social Security Administration.
The Congressional Research Service estimated that in December 2023, there were 745,679 people, about 1% of all Social Security beneficiaries, who had their benefits reduced by the Government Pension Offset. About 2.1 million people, or about 3% of all beneficiaries, were affected by the Windfall Elimination Provision.
SSA asks beneficiaries to wait until April to inquire about the status of their retroactive payment, since some payments will process incrementally into March.
The future of Social Security has become a top political issue and was a major point of contention in the 2024 election. About 72.5 million people, including retirees, disabled people and children, receive Social Security benefits.
[Notigroup Newsroom in collaboration with other media outlets, with information from the following sources]
