Latest News
“Surprise” Deposits Appearing in Beneficiaries’ Accounts…NBC 5 Explains
Retirees in the Chicago area are contacting an NBC affiliate questioning the origin of “unexpected” deposits in the $6000 range appearing in their bank accounts. Some have indicated they do not know why they’ve received the payments, so NBC 5 reporter Leigh Lesniak has produced an explanation shared on their website yesterday. The payment is “legit,” the post explains, clarifying that the deposits are associated with the recent implementation of the Social Security Fairness Act signed into law in January. The post describes the Act’s intent, noting that an estimated 3 million people will receive an average payment of $6710 as the retroactive portion of the ruling is processed. Click here to read the Lesniak post in full.
This posting is presented for informational purposes only and does not represent legal or financial guidance. Any opinions or interpretations presented are either those of the original author or, in the case of articles authored by the AMAC Foundation, are the opinions of AMAC Foundation staff, originally trained and accredited by the National Social Security Association (NSSA) and certified via the AMAC Foundation. Any links included in the article are valid on the posted date; socialsecurityreport.org cannot guarantee the duration of the links’ validity. NSSA and the AMAC Foundation and its staff are not affiliated with or endorsed by the Social Security Administration or any other governmental entity. To submit a question, visit our website (https://amacfoundation.org/services/) or email us at ssadvisor@amacfoundation.org. Because we are a non-profit organization, there is no charge for these services.