Social Security Fairness Act

Social Security Fairness Act

The Social Security Fairness Act was signed into law on January 5th and will impact any recipients whose Social Security benefits have been reduced due to WEP (Windfall Elimination Provision) or GPO (Government Pension Offset). If you fall into this category, here are the key highlights:

• Retroactive Adjustment: The changes will be retroactive to January 2024.
• Lump-Sum Payment: Beneficiaries affected by these provisions will receive a lump sum direct deposit that covers the difference between the reduced amounts and what they should have been receiving since January 2024.
• Ongoing Benefits: After the lump sum payment, recipients will see a higher ongoing monthly benefit. This increase will reflect the new structure that removes the reductions due to WEP and GPO.

For more detailed information, you may want to check your Social Security account or contact the Social Security Administration (SSA) for specifics regarding your case.

https://www.ssa.gov/benefits/retirement/social-security-fairness-act.html