As Massive Social Security Changes Begin, Here's What You Need To Know
Millions of Americans have started to or will soon see significant changes in their Social Security benefits as new laws and policies take effect in March 2025.
www.forbes.com
24 Mar 2025 ~~ By Shahar Ziv
Social Security: Massive Changes Started In March
Millions of Americans have started to or will soon see significant changes in their Social Security benefits as new laws and policies take effect in March 2025. Many individuals will be thrilled with the rollout of the Social Security Fairness Act—which repeals the Windfall Elimination Provision and Government Pension Offset—
triggering a wave of retroactive payments and monthly benefit increases for affected retirees. At the same time, a controversial policy reversal means Social Security will
resume withholding 100% of benefits to recover overpayments starting at the end of March.
Moreover, consequential changes are being implemented or proposed that could delay or deny benefits to millions of new retirees as well as cut payments to 170,000 individuals without a Social Security number.
Here's a breakdown of what's happening and what it means for retirees and other beneficiaries.
Social Security Fairness Act Retroactive Payments
The bipartisan Social Security Fairness Act was signed into law, ending the WEP and GPO provisions that had reduced or eliminated benefits for over 3.2 million public-sector retirees. WEP and GPO affected many teachers, firefighters, police officers, and other workers with pensions from non-Social Security-covered jobs. The repeal is retroactive to January 2024, meaning those penalized under WEP/GPO are owed back payments for benefits withheld since that date.
The Social Security Administration moved swiftly to implement the retroactive payments to people whose benefits were impacted by WEP/GPO, the agency
stated in a late February press release. Most eligible retirees will receive a one-time lump sum for the retroactive amount by the end of March, deposited directly into their bank accounts.
Commentary:
Well, I don’t have any pensions, so I don’t expect any ‘windfall’ of added payments. I got my Social Security for March, at the usual amount, for which I am quite thankful.
Not complaining,