What is the proposed $2,400 Social Security increase? Is it separate from the annual COLA, and when could beneficiaries actually receive the extra $200 each month?

Have you heard about Senator Bernie Sanders’ proposal for a new Social Security hike? His plan would add $200 to monthly benefits, which comes to an extra $2,400 a year. The increase would be paid on top of regular Social Security benefits and the annual COLA. There is a catch, Sanders’ proposal is still a bill, so the extra money is not being paid yet.

from International-News-Economic Times https://ift.tt/VJizLwl

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