Social Security boost may not come for more than a year for many Americans
CBSN
The Social Security Administration says millions of retired teachers, firefighters, police officers and others with public public pensions may have to wait up to a year or longer to reap the benefits of the recently passed Social Security Fairness Act.
The newly enacted law requires the agency to adjust benefits for more than 3 million people, including calculating retroactive payments and future benefits. But the law did not provide additional financing or staff to help implement the law or deal with the increased workload, the Social Security Administration (SSA) noted in an update Friday.
"SSA's ability to implement the law in a timely manner and without negatively affecting day-to-day customer service relies on funding," according to the agency. "Though SSA is helping some affected beneficiaries now, under SSA's current budget, SSA expects that it could take more than one year to adjust benefits and pay all retroactive benefits."
