From Nasdaq: 2025-05-04 18:00:00

President Joe Biden signed the Social Security Fairness Act, boosting federal retirement benefits for 3.2 million seniors, with increases of up to $1,100 per month. The Social Security Administration has processed 2.3 million adjustments, leaving 900,000 waiting. Many affected seniors have received their adjustments, but complex cases are being handled manually. Retroactive payments are being released, with all updates expected by early November. Those affected by the act should ensure correct information with the SSA. And watch for changes in monthly benefits, as some may receive adjustments before notification.



Read more at Nasdaq: Didn’t Get Your Social Security Fairness Act Benefit Increase Yet? Here’s When to Expect It.