A proposed $200 monthly increase in Social Security benefits is drawing fresh attention as lawmakers prepare to return to Washington. But retirees should be careful about treating the extra money as an upcoming payment because the proposal has not become law. However, recipients shouldn't expect the money to automatically appear in next month’s payment.
The proposal would temporarily increase payments for millions of Americans receiving Social Security and certain other federal benefits. Here is what retirees need to know about the plan, who could qualify and whether a $200 boost is actually coming.
