Extra Cash in Your Social Security Payment – SSA Surprise This Week!

Extra Social Security Payments Confirmed for Specific Beneficiaries on March 13th

According to Lagrada, in a recent announcement, the Social Security Administration (SSA) confirmed that some Social Security beneficiaries will receive additional money in their payments scheduled for March 13th. This applies to retirees who claimed their benefits after May 1997 and have birth dates ranging between the 1st and the 10th. The extra money comes as a result of a cost-of-living adjustment (COLA) established in October, providing financial support to help retirees and beneficiaries cope with inflation.

As part of their ongoing efforts to assist those relying on Social Security benefits, the SSA has already distributed the first round of payments on March 1st. Due to the 3rd of March falling on a Sunday, beneficiaries received a double payment last Friday. Starting Wednesday, March 13th, recipients and SSDI beneficiaries will receive new payments.

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Extra Cash in Your Social Security Payment – SSA Surprise This Week!(PHOTO: getty image)

Legislation Aims to Enhance Financial Stability for Millions of Americans

In a bid to further enhance financial stability for Social Security recipients, Democratic Sen. Bernie Sanders has proposed a bill in Congress that would increase monthly payments by $200. If passed, this legislation would not only benefit existing beneficiaries and those turning 62 in 2023 but also raise the upper limit on wages subject to Social Security taxes, ensuring a more sustainable financial future for millions of Americans.

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