Millions of Americans who receive Social Security benefits will get a lump-sum amount and see a spike in their monthly payments as part of a new law signed last month, according to the U.S. Social Security Administration (SSA).
The agency “is immediately beginning to pay retroactive benefits and will increase monthly benefit payments to people whose benefits have been affected by the Windfall Elimination Provision (WEP) and Government Pension Offset (GPO),” SSA said in a Feb. 25 statement.