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International Business Times UK
International Business Times UK
Niloy Chakrabarti

US Social Security Releases 1.1M Retroactive Payments: Here's the Average Amount

Social Security monthly benefits hike for many public pension recipients will start reflecting in April. (Credit: Baltimore City Employees and Elected Officials Retirements Systems/www.bcers.org)

The Social Security Administration (SSA) announced in a 4th March press release that it paid over £5.85 billion ($7.5 billion) in retroactive payments to 1.12 million people with public pensions, including teachers, firefighters, and police officers, federal employees covered by the Civil Service Retirement System, and people whose work was covered by a foreign social security system.

The average retroactive payment was £5,240 ($6,710) per person. The agency continues to release retroactive benefits to eligible recipients and is ready to start paying higher monthly cheques in April, reflecting March benefits.

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