Social Security beneficiaries who stood to see a boost in payouts as the result of a law approved earlier this month may have to wait a little longer than expected for higher payments.

The Social Security Fairness Act will provide benefit increases to more than 3 million individuals. But it's uncertain when they will see that money.

Retirees looking forward to increased benefits because of the Social Security Fairness Act may now have to wait more than one year due to reduced funding for the Social Security Administration (SSA).