For many people living on a fixed income, every penny counts. That makes what I'm about to say that much more exciting for those who are hoping to scrape together a little bit more money while collecting Social Security, because two longstanding rules have just been appealed, potentially allowing certain people to collect thousands of extra dollars.
New legislation now allows public employees with pensions to collect Social Security, which may open the door for some to collect a big payday thanks to retroactive benefits. Here's how to find out if you qualify.
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The Social Security Administration (SSA) is revisiting a former rule that prevented people who worked in the public sector from collecting Social Security if they were instead eligible for a pension.
According to MassLive, the changes are thanks to the repeal of the Windfall Elimination Provision and the Government Pension Offset, both of which reduced or completely eliminated Social Security benefits for these people.
Related: Your May Social Security Check Won’t Be ‘On Time’—Here’s When You’ll Actually Get Paid
Additionally, the law prevented anyone who was owed money from the SSA from collecting more than six months' worth of payments. However, a bipartisan group of senators has come together to ask the SSA to provide full back pay to those who are owed money, regardless of the amount owed and whether they were initially cut off from collecting it under older laws on the books.
That means some people may be owed money dating back to 2024, which MassLive says could amount to as much as $1,000 a month for some. As you can probably guess, that could make a massive difference in the lives of those who are struggling to make ends meet right now, especially as the cost of living continues to increase for seniors who are struggling to pay for essentials like housing and healthcare.
Related: New Report Sounds the Alarm About the 'Catastrophic' Effects of Social Security Cuts
How to Find Out if You Qualify
If you believe that you are one of the people who should receive additional payments as a result of these changes, you can visit the agency's website to determine your eligibility. If you think you qualify or have additional questions, you'll need to reach out to the SSA directly. You can do that by calling the national hotline at 1-800-772-1213 or by visiting one of your local SSA offices in person to speak with a representative about the next steps.
Of course, if you choose to visit your neighborhood office, you'll want to first check with the SSA's website to make sure that they are open, since many offices across the country are experiencing disruptions that have caused them to close their doors to in-person meetings and visits, and are instead only accepting appointments virtually or via telephone.
Disclaimer: This article is for informational purposes only and does not constitute financial advice.
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