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the Social Security Administration has
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announced that retroactive payments are
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starting for individuals impacted by the
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web and goo this is under the Social
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Security Fairness Act that was just
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recently passed into law here are the
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details you need to know I'm Ian Smith
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with fedsmith.com I'm going to get right
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into the details because I know this is
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a topic that a lot of you have been
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anxious to uh to get more information
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about namely when am I going to get my
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payments since I'm eligible for this or
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assuming you are eligible so the benefit
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eligibility on this is for individuals
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who are impacted by the web or windfall
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elimination provision or the GP the
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government pension offset not going to
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get into the details on what those are
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but just know that these payments these
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increased payments or the retroactive
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payments will only apply to individuals
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who were impacted by those Provisions
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because the Social Security Fairness Act
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eliminated those Provisions when it was
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passed into law the retroactive payments
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will start this week the week of
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2025 for most people it will be a
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onetime lumpsum payment and for most
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people it will be retroactive to January
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2024 now in terms of the impact on your
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monthly benefit payments many
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individuals will see a higher monthly
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payment going forward starting in April
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of this year the amount of that increase
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will vary though uh it depends on
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factors such as the type of social
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security benefit received in the amount
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of the person's pension some people's
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benefits will increase very little as a
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result other people could see a monthly
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benefit payment that's higher by over
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$1,000 a month now in terms of the
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payment timeline as I said this is a
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one-time uh retro active lump suum
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payment it's starting this week they'll
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continue gradually into March and if you
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get a higher monthly benefit payment
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that will start in April that will be
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the first month those higher monthly
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benefit payments start anyone whose
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monthly benefit is adjusted or who gets
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one of these onetime lumpsum payments
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will get a notice in the mail also for
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most people you will get the payment 2
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to three weeks before that notice
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arrives in the mail for anyone impacted
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by this who will be getting these
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payments this is actually very good news
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because the SSA had previously said it
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was going to take maybe upwards of a
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year for these payments to start being
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issued so this timeline is greatly
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expedited compared to what they had said
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previously and the reason the agency's
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been able to speed it up like this is
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because they're using automation SSA did
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say however that for more complex cases
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it will still require manual ual
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processing and so additional time will
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be required and because of all this SSA
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is asking individuals to wait until
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April to make any inquiries about the
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status of your payment that's because of
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the payment timeline as I said it's
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starting this week but it's going to
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continue into March if you get a higher
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regular monthly payment that won't hit
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until April so they're asking you to
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wait until you've received your April
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payment before you make any inquiries so
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how do you ensure you get paid here's an
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overview of some of the information from
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SSA if you know that you are impacted by
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the weapon gopo and this all applies to
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you the best thing you can do is ensure
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that your mailing address and your
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direct deposit information on file with
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the Social Security Administration is up
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to date you can do this through your my
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Social Security account which is
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available online on the SSA website if
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you aren't sure you may need to file an
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application and the easiest way to do
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that is online onl on the ssa's website
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the online applications can be used for
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retirement or for spouse's benefits but
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they cannot be used for surviving
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spouse's benefits if you apply by phone
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these are the instructions from the SSA
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I'll put them up on the screen this is
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the phone number you have to call Monday
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through Friday from 9:00 a.m. to 6:00
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p.m Eastern this is the information they
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give about how you query their system I
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know a lot of this is complex so I'm
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going to put links in the description
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with more information that's a summary
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of the new information just put out by
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the Social Security Administration about
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the new timeline and the status of these
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payments I hope you found this helpful
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if so please remember to like And
4:43
subscribe and also be sure to visit the
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fedsmith.com website for more news and
4:47
information have a good day
