In my email…
We May Owe You Additional Benefits
We have been reducing or withholding your Social Security benefits because you receive a pension from work not covered by Social Security. The Social Security Fairness Act eliminates Government Pension Offset (GPO) and the Windfall Elimination Provision (WEP) retroactive to January 2024. Your benefits may increase because of the new law. However, if you owe past due Medicare premiums or have an outstanding overpayment balance, we may withhold some or all the retroactive benefits you are due.
How We Will Process the Payments
This law affects over three million beneficiaries. Our electronic payment systems cannot make all the necessary changes at the same time. Therefore, we will need to process the actions in several stages, which are expected to begin in late-February.
When Your Monthly Payments May Increase
Social Security benefits are paid one month behind. For example, you receive February’s payment in March.
If you are due retroactive benefits as a result of the Social Security Fairness Act, you will receive a single retroactive payment that covers the increase in your benefit amount back to January 2024.
You will get your new benefit amount the following month.
NOTE: You may receive two mailed notices, the first when the WEP or GPO is removed from your record, and a second when your monthly benefit is adjusted to reflect the increase. You may receive your retroactive payment before the mailed notice .
Actually…
I got something already. I was surprised to see in my credit union account:
Salary/Regular Income from Social Security Administration $6,571.00
That’s a little bit more than the normal $198.00 I see.
So it must be back-payment from January of 2024 to February 2025.
Now I wonder how much my Medicare will go up…