Under the newly proposed Medal of Honor Act, monthly pensions would increase from around $1,400 to $5,625 for some Americans.
The agency said it has so far sent retroactive benefits to more than 1 million people due to the Social Security Fairness Act.
The annual rise will not kick in all at once, because the state pension is paid four weeks in arrears and on different days ...
The net position for pensions was $2.5 billion for the 2024 fiscal year. This is a significant increase from the $2.3 billion in 2023 and $2.1 billion in 2022. The increase totals $237.4 million for ...
It comes after a 10.1% increase to the state pension from April 2023. There have long been calls for reform of the state pension triple lock, given the sizeable increases pensioners have enjoyed ...
Social Security Administration says it is immediately starting to pay retroactive benefits due to more than 3.2 million retirees.